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Commentary: Forget Cyprus, Nobody Is Stealing From Depositors More Than Bernanke

Thursday, March 21, 2013 - 5:22 PM
Some harsh views on Chairman Bernanke from Yahoo! Finance Daily Ticker:
After the Federal Reserve reaffirmed its easy money policy Wednesday, Chairman Ben Bernanke was asked whether the U.S. would ever think of taxing bank depositors as Cyprus has done. He said that was very unlikely but Jim Rickards, senior managing director of Tangent Capital Partners, says the Fed already has its hands in depositors’ pockets.

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Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708
1. Thursday, March 21, 2013 - 8:16 PM
Over the past four years, we'd all have been better off in Cypriot savings accounts. Even factoring in exchange fees and a one-time hit (assuming it occurs).
BozoBozo137 posts since
Feb 14, 2011
Rep Points: 944