Originally Posted by DenverBrit
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 wonder what would happen if a revolution took place in the Cayman Islands and some communist like Chavez took over and seized all the banks? You'd hear some squeaking then.