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Old 03-25-2013, 09:49 PM   #128
baja
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Join Date: Apr 2001
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Julius Thomas
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Quote:
Originally Posted by DenverBrit View Post
One of the main Cypriot bank problems are massive Greek bond holdings.

Again, this is offshore banking, always high risk and returns, the depositors knew that and understood if the bank goes, so does their cash.

Besides, much of the deposits are suspected Russian mob money being laundered.
I suspect this debt is much more complex than Greek bonds and Russian laundered money. Not saying that is not one level of it but my reading tells me it is much more complex than that. Truth is neither one of us could possibly know the full details but I will be willing to bet it's not as simple as you believe. Guess I just agree to disagree on this one. If you have some time you might watch the videos I linked on my thread entitled Fantasy
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