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>> JACK LEW Latest News

MAR 18, 2013 - Zero Hedge

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How Black Accounts Work - A Cyprus Connection?

  A central criticism of the decision to seize a portion of the bank accounts in Cyprus is that the "bite" hits small guys who have accounts with a balance of less than E100k. As I write, it appears that there will be some revisions to the deal that was announced over the weekend. Those changes will likely minimize or eliminate the hit on these "smaller" accounts. It is a travesty (and a crime) if Cypriots who live and work in the country have a portion of their accounts clipped. The small guys were not part of the problem, so they should not have been part of the ... Read More

Tags: How Black Accounts Work - A Cyprus Connection?,  Jack Lew Latest News