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.
The rationalizations for theft are endless.
No surprise that you bought these. I will watch your reaction when they start stealing from US bank accounts.