Hi Ho Silver – The Russians Steal Their Own Cash

Posted by Kate McMillan - Best CDN Blog

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Horse-leaving-barn-door

Cyprus: As The Barn Door Closes

Horse-leaving-barn-door“As it turns out, these same oligrachs may have used the one week hiatus period of total chaos in the banking system to transfer the bulk of the cash they had deposited with one of the two main Cypriot banks, in the process making the whole punitive point of collapsing the Cyprus financial system entirely moot.”

“While ordinary Cypriots queued at ATM machines to withdraw a few hundred euros as credit card transactions stopped.” Meanwhile, “The two banks at the centre of the crisis Laiki, and Bank of Cyprus – have units in London which remained open throughout the week and placed no limits on withdrawals.” 

“Just brilliant.”

In every sense of the word.” 

……more on the Russian theft of their own money HERE

 

(Last 2 comments written by Kate the just announced WINNER of the BEST CANADIAN BLOG (scroll down at the link for Kate’s winning entry in the 13 th Annual Worldwide WEBLOG AWARDS)