MikeS1952 Wrote:
Mar 18, 2013 5:18 PM
"Banksters" are not equal to Bondholders. This action was to alleviate the fears of Bondholders. The bondholders are holding bonds not in the banks but in the debt of the EU and Cyprus. Yes some of the bonds are held by banks, but the majority by investment funds that are retirement funds, and foreign governments. (After the banks long ago realized that the bonds were worthless.)