Pinky...weigh in on the Cyprus bailout plan...

[Shapecharge]

Taxing individual bank deposits as part of a EU bailout plan...not going over well. Do I need to pull out of the bank my 193.72 so it doesn't get taxed in the future?

http://www.nytimes.com/2013/03/19/busin ... ndex.jsonp

http://www.reuters.com/article/2013/03/ ... 3I20130319

[Gav]

A lot of folks think that shit is gonna start here in Italy soon. They may be doing us a favour. It could be the wake up call we need to get people to abandon the EU bullshit and their austerity measures. Germany wanting to be kings of Europe, talk about history repeating itself.

[Turdacious]

Re Gav's comment--
A little old but still appropriate: http://www.bbc.co.uk/news/business-15748696

France is the one that should be the most nervous.

[Fat Cat]

EU = The Beast

Worst idea ever, designed by crypto-marxist antichrist bastards to gut the homeland of white Christians.

[Pinky]

Taxing individual bank deposits as part of a EU bailout plan...not going over well. Do I need to pull out of the bank my 193.72 so it doesn't get taxed in the future?

http://www.nytimes.com/2013/03/19/busin ... ndex.jsonp

http://www.reuters.com/article/2013/03/ ... 3I20130319

I'll defer to everyone's favorite Cypriot Nobel Laureate in economics, Chris Pissarides, in this interview:

Do you favor or oppose taxes on bank depositors?

I am totally against it. First, deposits under 100,000 are insured. What happened to that insurance? How could the euro group agree to taxing deposits as small as one euro? What is the meaning of deposit insurance in the euro zone? Second, deposits include the savings of honest people who have paid their taxes and saved for retirement, to buy a home, educate their children or whatever. Why pay a hefty additional tax? And how would these people feel when they woke up on Saturday morning to be told, “Sorry guys, we are not letting you withdraw your money anymore, until we sort out how to take a big chunk away from you.” And why? Because two banks out of the tens operating in Cyprus made bad investment decisions three years ago to help Greece out of its crisis, and got hit by the troika. What’s the incentive that banks now have in the European Union to treat risky investments with caution? If one of them takes bad risks the others will pay for it; if it works well for it, it will keep the profits. A classic scenario for market breakdown.

[Shapecharge]

Dang, Pinky is ON IT! Question asked and pretty much answered.

Okay Pinky, next issue: mysterious unsightly bumps around my bungholio. Do you recommend watchful waiting or should I try to burn them off? Or maybe you could make a suggestion I haven't really thought of yet.

[Pinky]

Are you sure the bumps aren't poison ivy from your last camping trip?

[Holeyfraggaroley]

Are you sure the bumps aren't poison ivy from your last camping trip?

Damn! Pinky really is on it!

[Shapecharge]

Cha-fucking-ching! I wonder how smart I'd be with my shitty B.S. in Econ if I'd had some old school learnin' from Pinky.