"With the Mediterranean island nation of Cyprus about to impose a
confiscatory tax – up to 9.9 percent – on all bank accounts, resulting
in a run on Cypriot banks, the rest of the world is watching anxiously
and asking the obvious question: “Could it happen here?”
Under the most recent terms discussed, depositors with more than 100,000
euros, or about $130,000, would get 9.9 percent immediately deducted
from their accounts. Smaller deposits would suffer a deduction of 6.75
percent.
Could it happen in the U.S.?"
[WND]
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