Sunday, April 28, 2013

Day Of Financial Infamy As Cyprus Depositors Flushed

Jim Sinclair: "Yes, Cyprus depositors have now been flushed.

"The Bank of Cyprus, the island's largest bank said it has converted 37.5% of deposits exceeding 100,000 euros into a Class A share, with an additional 22.5% held as a buffer for possible conversion in the future.

"Anther 30% will be temporarily frozen and held as a deposit.

"So the amount of money that has been taken from the Cyprus depositors is an all practicality almost their entire accounts.

"Major depositors funds have now been taken in grand style."

http://www.jsmineset.com/2013/04/28/sinclair-day-of-financial-infamy-as-cyprus-depositors-flushed/

0 comments: