Sweet EUro-deal!....................from Rico

The 'government' of Cyprus has apparently 'voted' to steal the private cash of depositors in exchange for a EUro bail-out.
- Bail-in, bail-out, whatever you call it this is THEFT.
- Its also doubling-down on stupid.

The precedent has been set, all the cards are showing on the table.

- If you are a government and make a bad decision, the private citizen gets to pay for it. Sweet deal!
- If you are a bank, and you make a bad decision, the private citizen gets to pay for it. Sweet deal!

Going "forward" it would seem there are no longer any consequences for governments or banks, only for private citizens. BOHICA!

- Until there are.

The citizens loss of faith and confidence in governments or banks has the potential to end very badly.
- Governments 'topple' when their citizens no longer support them, and when bank depositors vote with their feet banks fail.

Cyprus could have done what that other island did (remember Iceland?) and told the bankers and EUrocrats to go pound sand.

- Apparently it's far easier and more desireable to tell the private citizens that....and this will now spread beyond Cyprus, like financial ebola. Look for it to head your way (if not soon, then 'soon enough').