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Cyprus President's Family Transferred Tens Of Millions To London Days Before Deposit Haircuts

Tyler Durden's picture


A day after former Cypriot President Vassilou was found to be among many elite Cypriot (politicians and businessmen) who had loans written-off by the major (now insolvent) banks; it appears the rot is far fouler than expected. In a somewhat stunning (or purely coincidental) revelation, ENETEnglish reports that Cypriot newspaper Haravgi claims that current President Nicos Anastasiades' family businesses transferred 'dozens of millions' from their Laiki Bank accounts to London just a week before the devastating depositor haircuts were unleashed upon his people. Of course, the denials are loud and Anastasiades has demanded an investigation into the claims; we are sure the government-selected 'independent' committee will be as thorough as the Libor anti-trust investigators. As a reminder, as we noted yesterday, here are Cyprus' gun control laws.

Via EnetEnglish,

A company owned by in-laws of Cypriot President Nicos Anastasiades withdrew dozens of millions from Laiki Bank on March 12 and 13, according to an article published in Cypriot newspaper Haravgi.


The newspaper, which is affiliated to the communist-rooted AKEL party, reports that three days before the Eurogroup meeting the company took five promissory notes worth €21m from Laiki Bank and transferred the money to London.


Responding to the allegations, Anastasiades said: “The attempt to defame companies or people linked to my family… is nothing but an attempt to distract people from the liability of those who led the country to a state of bankruptcy.”


The president added that no one, including himself, will be exempt from the ongoing investigations looking into responsibilities over the near collapse of the economy.


Anastasiades added that when the investigative committee convenes on Tuesday, he will request that its members look into this particular case with the same attentiveness as all other cases.


The company in question has firmly denied the reports.


Last Friday a list of companies and politicians that had loans written off by banks at the heart of Cyprus' bailout crisis was published in Greece and was subsequently handed to the Cypriot parliament's ethics committee. The list includes the names of politicians from Cyprus' biggest parties (excluding the socialist EDEK and the Greens).


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Sun, 03/31/2013 - 15:13 | 3393850 THX 1178
THX 1178's picture

How do the Cypriots feel about this now that its public info?

Sun, 03/31/2013 - 15:20 | 3393875 greased up deaf guy
greased up deaf guy's picture

hang them all!!!

Sun, 03/31/2013 - 15:23 | 3393884 JoeSexPack
JoeSexPack's picture

Damn it feels good to be a gangsta


Vassilou theme song.

Sun, 03/31/2013 - 15:33 | 3393908 toys for tits
toys for tits's picture

"The president added that no one, including himself, will be exempt from the ongoing investigations looking into responsibilities over the near collapse of the economy."

'We determine it to be the press's fault of ruining the economy for reporting this story.'

Sun, 03/31/2013 - 15:45 | 3393936 knukles
knukles's picture

More of those tin foil hat, conspiracy theory, crazy, accusation without foundation, libelous, slanderous, reason to control the press, right wing/left wing plots, seditious thought, reason for Gestapo....

Co fucking o incidences

Sun, 03/31/2013 - 15:47 | 3393947 kliguy38
kliguy38's picture

Agree....this is only a ploy to smear a good fact a politician of the highest order.



Sun, 03/31/2013 - 16:04 | 3394001 barliman
barliman's picture


Looking forward to Bruce Krasting's article justifying the transfer of ALL this family money. Bruce was a BIG SUPPORTER of insider trading being made legal a few years ago.

You can't get much more INSIDER than being the President's in-laws ...

Sun, 03/31/2013 - 16:05 | 3394005 General Decline
General Decline's picture


Sun, 03/31/2013 - 16:29 | 3394059 krispkritter
krispkritter's picture

All Depositors are equal, but some Depositors are more equal than others...

Sun, 03/31/2013 - 16:41 | 3394076 Boris Alatovkrap
Boris Alatovkrap's picture

... is written so on wall of Cypriot bank.

Sun, 03/31/2013 - 16:50 | 3394090 SafelyGraze
SafelyGraze's picture

during this Holy Weekend, innocent depositors around the world give up their money to pay for the debts of others

no longer called a "bail-in" .. now it's "propitiation" and "atonement"

Sun, 03/31/2013 - 19:01 | 3394367 The Big Ching-aso
The Big Ching-aso's picture

What an arrogant asshole.

Sun, 03/31/2013 - 19:05 | 3394380 ebworthen
ebworthen's picture

"Inside Job", again.

Sun, 03/31/2013 - 19:12 | 3394397 Muppet Pimp
Muppet Pimp's picture

The lesson from Cyprus for anyone who gives two shits about their future financial well being is to get your money out of the G-SIFI's (Globally Systemically Important Financial Intstitutions) aka TBTF banks.  There were numerous warning shots fired in Cyprus for several months prior to this debacle, and those who did not heed the warnings paid a stiff price for their (lack of) actions.  One might want to have a good look at this:

In particular I draw you attention to page 10 which shows the global web of derivatives.  You might want to consider moving your deposits out of any of these entities, particularly if you are unable to quantify the risk on their balance sheets (you can't).  By that I mean move your fucking cash somewhere safe and sound, in particular you might consider a more local bank, particularly one with a high credit rating and people running the show who are active in supporting their communities, and have known home addresses (but I digress). 

See this if you believe the TBTF banks have any idea of their exposures:

That assessment means that it is impossible for the firm’s external auditor to sign off on the financial statements until and unless the control breakdowns are remediated sufficiently for the auditor to provide assurance.

Read more at Yes, their fucking auditor cannot even figure out their risk. And of course, if you think it cannot happen to you, please also read this:

Of course, as in all things he who moves their money first (pre bank run) often moves best.  The warning shots are being fired.  It is blatantly obvious even to the casual observer that these entities are too powerful to exist.  It is also blatantly obvious that DC will not be doing anything that will harm their funding source (see Eric Holders corrupt justice deparment, google "Too Big to Jail"). 

It is important to consider the following items:

- Eric Holder work"ed" for Covington & Burling defending these big banks from accountablility prior to moving his operation over to our (US) justus department.

- Lanny Breuer who refused to prosecute any of these banks or their officers is going "back" to work for Covington & Burling to continue his work shielding them from accountablity for their actions.

- Even a fool can see that Lanny obviously has a soft spot in his heart for these institutions as he defended them prior to his stint as DOJ, during his stint at DOJ, and now after his stint at DOJ.

So.....a layman might deduce that the only way these fuckers will be dealt with is by the central banks.  And a layman might also deduce that they wiped out the depositors in Cyprus, so they mean business.  This is the sort of thing that having the intestinal fortitude to deal with head on earns you a spot in the history books.  It would be a mistake to think the corruption will never end, someone will eventually do the right thing, and history will look upon them favorably for having done good for their people.  Expect it.

Richard Fisher may in fact be that guy, we shall see.  He has made it his problem to deal with these things, and for that we should be thankful.  Richard is a good man doing good work towards this end.  See this:

customers, creditors and counterparties of all nonbank affiliates and the parent holding companies would sign a simple, legally binding, unambiguous disclosure acknowledging and accepting that there is no government guarantee—ever—backstopping their investment. A similar disclaimer would apply to banks’ deposits outside the Federal Deposit Insurance Corp. (FDIC) protection limit and other unsecured debts.

And a layman might conclude that in an era of fractional reserve banking, it might be best to move your money prior to this form being sent out, as the TBTFs (or G-SIFIS) do not have all the funds to sastisfy all of the request at once, and the implementation of this alone might be enough to cause some headaches for folks who have a tendency to procrastinate.

The ones running the financial end of things do not want to take the heat for causing any problems, so expect them to create conditions whereby slowly but surely the markets do it for them.  They seem to be well along in this process.  Don't let Cyprus happen to you.




Sun, 03/31/2013 - 20:22 | 3394524 mumcard
mumcard's picture

Yes!  Get your paper out of there!  Keep it safe...

Sun, 03/31/2013 - 20:06 | 3394498 GlobalCtzn
GlobalCtzn's picture

General Decline says "Tall trees, short ropes."


I say why not use some long ropes? It is fun to watch some of their heads pop right off when they get that extra bit of velocity going.

Sun, 03/31/2013 - 16:07 | 3394006 General Decline
General Decline's picture


Sun, 03/31/2013 - 16:23 | 3394050 Monedas
Monedas's picture

He wasn't trading .... he's a politician !  Trying to control insider trading .... is inviting big brother to snoop at will wherever he wants !

Sun, 03/31/2013 - 17:25 | 3394111 MrNude
MrNude's picture

''Bruce was a BIG SUPPORTER of insider trading being made legal a few years ago.''

He had a good point though if you look at it laterally, do you think insider trading by the likes of Nancy and friends in the Senate will just suddenly stop? You might as well level the playing field out.

You see they don't want the little people doing it because it will poison the well and make it harder for them to profit from. They want it to remain a good old boys club where they all scratch each others back and get a taste, not a talk shop infested with filthy plebs i.e. you and me making the waters murky and harder to score a quick buck.

Sun, 03/31/2013 - 22:03 | 3394779 barliman
barliman's picture


When Bruce ran the "make insider trading legal" post, I replied with numerous instances of where insider trading would release unending havoc on all players big and little.

Like many of Bruce's posts, the insider trading post was based on the VERY narrow world view of someone who has spent his life inside a corrupt system and is blind to the corruption he wades in.

The insider trading will stop just BEFORE the global economic collapse some of the insiders start ratting out their brethern in the hope of getting away during the commotion.

Sun, 03/31/2013 - 18:07 | 3394213 Tucson Tom
Tucson Tom's picture

"Hello John,Could you quickly give me the name of your attorney.Thanks Mr Corzine."

Sun, 03/31/2013 - 18:07 | 3394211 Son of Loki
Son of Loki's picture

The Japanese PM told his people, "it's only a tiny worries" while every major embassy in Tokyo was evacuating I read.

Sun, 03/31/2013 - 15:34 | 3393914 Irelevant
Irelevant's picture

I am shocked, SHOCKED, I tell you to find out that the corruption within the EU`s political class is bone marrow deep.

Now back to usual programing!

Where is that old fuck that was complaining on TV how he lost all his money, even after the Laiki branch manager told him everything was ok.

How stupid can you be, are they not seeing the forest from the trees? WTF? Didn`t they see what was happening in Greece 2 years ago, or even 1 year ago? How the Greeks are getting fleeced every day!

I guess we, Europeans, are masochists, deliver us to our fate.

Sun, 03/31/2013 - 15:45 | 3393938 Mountainview
Mountainview's picture

Alternatives, step forward!

Sun, 03/31/2013 - 15:52 | 3393963 wee-weed up
wee-weed up's picture

Time to break out the axes and pitchforks...

And rope... lots of rope!

Sun, 03/31/2013 - 16:43 | 3394078 Boris Alatovkrap
Boris Alatovkrap's picture

Boris is prefer to piano wire.

Sun, 03/31/2013 - 18:12 | 3394227 smlbizman
smlbizman's picture

you know what? at this part of the game and you have money, and you do not have the hedge as your homepage, you should lose........i give out  zerohedge like  business cards to anyone that should see it.....i think it is just as effective as handing out real business cards....that never worked either....

Sun, 03/31/2013 - 20:03 | 3394493 thisandthat
thisandthat's picture

A year or two ago they did a poll in Portugal and about 90% of people considered ALL politicians to be corrupt, political institutions, even justice, etc. weren't too far behind...

Sun, 03/31/2013 - 16:16 | 3394026 resurger
resurger's picture

When justice is gone, "Let the streets be the courts and let the courts hold the trial"

Sun, 03/31/2013 - 17:35 | 3394169 HulkHogan
HulkHogan's picture

Crucify them all!!!! Happy Easter.

Sun, 03/31/2013 - 15:54 | 3393972 Silver Bug
Silver Bug's picture

What a complete joke. When are the people going to rise up!?

Sun, 03/31/2013 - 15:59 | 3393984 little buddy bu...
little buddy buys the dips's picture


Sun, 03/31/2013 - 17:20 | 3394146 Pure Evil
Pure Evil's picture

They'll rise up as soon as the NCAA finals are over. If not then, right after the NBA finals. And, if not then, right after the World Series. And, if not then, right after the 2014 Super Bowl.

I guarantee!

Sun, 03/31/2013 - 18:09 | 3394216 Son of Loki
Son of Loki's picture

SB, they're too busy bidding for Kim Kardashian's [used] G-string on Ebay.

Sun, 03/31/2013 - 16:08 | 3394010 Troublehoff
Troublehoff's picture

Interesting warning from a well respected British financial magazine:

Sun, 03/31/2013 - 18:39 | 3394303 smacker
smacker's picture

Agreed, well worth listening to ...for those with nerves of steel!

Sun, 03/31/2013 - 16:22 | 3394045 Winston Churchill
Winston Churchill's picture

I will speak to my Cypriot in laws and my sister and find out tomorrow am.

They have been adding their losses up.The very extended Cypriot family

my sister married into look like they lost nearly 3 m euros between them.

They are past the shock stage, just going into the rage , and are armed.

But on an island with hostile neighbours , foreign military bases ,and a UN

peacekeeper force on the ground,they will be easily crushed.A perfect test bed.

Sun, 03/31/2013 - 17:36 | 3394164 Leopold B. Scotch
Leopold B. Scotch's picture

This is why handguns are the ultimate enemy of the tryanical authorities.   Concealed neatly, they can create lots of problems for the power structure who would more easily spot an AR or AK style weapon used by those protecting themselves from some type of tyrany or worse. 

Not saying the latter is useless, though.  However, freedom fighting guerrilla-held handguns means the local chiefs of corruption can get their's and never see it coming.

Sun, 03/31/2013 - 19:27 | 3394424 Socratic Dog
Socratic Dog's picture

That's called suicide.  If you're going to give up your life to get the bastard, you might at least strap on a belt full of explosives and take out his friends as well.

Dang, did those awful muslimes have it right all along?

Mon, 04/01/2013 - 02:19 | 3395207 GeoffreyT
GeoffreyT's picture

I think it was William Blum who said it best... "a terrorist is a man who has a bomb, but doesn't have an air force". Or words to that effect.


Srsly though... handgun? Nah - too inaccurate, and you need to be close so you get collared by their goons (why the fuck does anybody from the bottom 4 quintiles still want to work to PROTECT these fucking scum?).

A Chey-Tac Intervention (aka M200) or an M82 (aka Barrett) - maybe a SV-Dragunov if you want to drop down to 7.62 and get easier access to brass. You don't get many shots (5-7; 10-20 with a SVD and reverse-taped mags) but for damage at a distance they cain't be beat.

What folks sort of don't understnd is that when shit gets real .gov could not prevent 20 well-trained guys thus armed, from going on an absolute pig-hunt anywhere that the parasite-political class congregates.

As we saw when the half-trained Branch Davidians had the temerity to shoot back, cop 'marksmen' are too cowardly to hold a position. So guys who were out just to wreak carnage on the political class (and had no intention of trying to hold territory why the DHS fetched its armour) could get rid of half a dozen political scumbags and send a decent chilling message to the rest.

The US has almost a million vets from its recent military fuckups - and an awful lot of those are not hugely happy about how shit's going down.

Mon, 04/01/2013 - 00:21 | 3394750 psychobilly
psychobilly's picture

"This is why handguns are the ultimate enemy of the tryanical authorities."

Ridiculous.  Pistols have their uses, but it's a lot easier providing security against threats at effective handgun ranges, compared to say against rifles with an effective range of 300 - 1600+ yards (i.e., outside the effective range of the glorified varmint rifles that are so popular with military/LE).

Mon, 04/01/2013 - 02:26 | 3395210 GeoffreyT
GeoffreyT's picture

^_^ what he said. Any of about fifty different international sniper variants at 7.62, 0.408 and 0.50cal are easily-obtained (even in Australia, which is a Sovietised disarmed zone). I am constantly surprised that the murder-for-hire industry doesn't include more ex-snipers.

Mon, 04/01/2013 - 16:10 | 3397085 Svendblaaskaeg
Svendblaaskaeg's picture sad

Sun, 03/31/2013 - 16:44 | 3394081 hampsterwheel
hampsterwheel's picture

We will soon (as will the Bankers) as to what kind of people live in Cyprus - the meek or the brave - my money is on the meek - not one bankster has been shot over this in Europe - nor has one veggie seller lit himself on fire yet -

Sun, 03/31/2013 - 18:00 | 3394202 Henry Hub
Henry Hub's picture

***not one bankster has been shot over this in Europe***

Not one bankster has been shot over here either...much to my surprise!

Sun, 03/31/2013 - 18:00 | 3394203 azzhatter
azzhatter's picture

Why is Angelo Mozilo still alive? Dimon, Geithner,Paulson,Blankfuck,Thain,Fuld? Why hasn't anyone taken one of these fuckers out?

Sun, 03/31/2013 - 21:58 | 3394733 essence
essence's picture

The patriotic SEAL team 6 members are ether too busy writing a book or DEAD.

Regardless, don't look for any signs of awareness there. Those folk are order takers.
They were chosen for that quality.

No one rises very far in the military/intelligence/Judicial/Gov bureaucracies these days unless they leave any ethics & morality behind and swear allegiance to the corrupt establishment .

Recall all those military heavy hitter line officers that were suddenly removed from duty recently.
WTF was that about?

Sun, 03/31/2013 - 18:44 | 3394315 Winston Churchill
Winston Churchill's picture

It wll be the older ones.

EOKA veterans ,now in their dotage maybe,but mad as hell, with their life savings

wiped out..

Sun, 03/31/2013 - 18:01 | 3394205 azzhatter
azzhatter's picture

I'm quite sure this will be the lead story on CNBC monday morning

Sun, 03/31/2013 - 18:43 | 3394313 Buck Johnson
Buck Johnson's picture

They soon will be, and that president saying how wrong and an investigation yada yada yada is bullshit.  He knows that Cyprus has no power to take what his family moved.  He knows when push comes to shove hell just leave and be the end of that.  The fix is in, the rich and politically connected get their money out and the rest get fucked.  Welcome Cyprians to the REAL WORLD>

Sun, 03/31/2013 - 15:15 | 3393855 reload
reload's picture

Calling Longsoupline ..whats your take on this?

Sun, 03/31/2013 - 15:20 | 3393872 WmMcK
WmMcK's picture

When it absofuckinglutely needs to NOT be there the next day -- but I defer to the real master, of course.

Sun, 03/31/2013 - 15:14 | 3393856 geotrader
geotrader's picture

Just a coincidence.  No wrong doing I'm sure.



Sun, 03/31/2013 - 15:25 | 3393886 francis_sawyer
francis_sawyer's picture

Certainly there were no jews standing by willing to facilitate this transfer [for a fee], being that this was Passover week & all...

Sun, 03/31/2013 - 15:42 | 3393935 icanhasbailout
icanhasbailout's picture

When there are no actual Jews involved, invent some to fit the narrative.

Sun, 03/31/2013 - 16:07 | 3393974 francis_sawyer
francis_sawyer's picture

When there is no way to make money for yourself by productive work... INVENT some fiat paper currency, create paper markets to mis-value the cost of goods & labor, load them all up with derivatives upon derivatives, manipulate them, then stuff the political & judicial systems so as to have phony laws turn out in your favor...


Oh & while you're at it... Get a stranglehold on the MSM so that nobody fucking cares until they're threadbare...

Oh... & on this...

"When there are no actual Jews involved"

You really want to believe that?... I mean, REALLY?

Hey! it's Passover... Let's celebrate the EXODUS [just to remind everyone how unjustly we've been treated thru the ages]...


It took about 2 seconds after the Exodus from Egypt for jews to wind up worshipping golden calves...

Fast Forward a couple thousand years & they're worshipping little cotton notes with fucking pyramids & owls printed on them... Worse ~ Goddamned electrons configured in "1"'s & "0's" which REPRESENT little cotton notes with fucking pyramids & owls printed on them [which, vocationally, are used by Ukranian hookers to snort lines of coke off bankers boners while they, the bankers, hide the golden calves in underground vaults]...


Not MY narrative pal... francis_sawyer didn't write the script...

Sun, 03/31/2013 - 16:18 | 3394031 General Decline
General Decline's picture

See Mathew 23 in regards to what Jesus thought of these money Jews. He knew they were children of the devil.

Sun, 03/31/2013 - 21:19 | 3394670 THX 1178
THX 1178's picture

Speaking of the bible, the word for doing a line of coke off of an erect penis is "snorch" or "snorched."

Sun, 03/31/2013 - 16:18 | 3394035 resurger
resurger's picture

fuck it ... i did 

Sun, 03/31/2013 - 17:06 | 3394120 TraderTimm
TraderTimm's picture

Francis is really going off the rails. Race determines our actions? Damn, I'm missing out on all those WASP riches I truly deserve.

What a loon.

Sun, 03/31/2013 - 21:22 | 3394681 udaman
udaman's picture

Right on!
Fuck the Jews!

Sun, 03/31/2013 - 22:04 | 3394783 icanhasbailout
icanhasbailout's picture

francis_sawyer may not have written the script, but neither is he demonstrating critical thinking skills by following it.

You condemn many innocents and people who are on your side when you point the finger at Jews. Jews are not your problem, oligarchs are. Some of those are Jewish but their Jewishness is not the feature that is the problem. The vast majority of those oligarchs are not Jewish at all.

In addition, you hurt the cause of all of us seeking justice when you point the finger in the wrong direction. We can't afford to be alienating allies and carelessly supplying ammunition to those arrayed against us.

Mon, 04/01/2013 - 08:51 | 3395448 francis_sawyer
francis_sawyer's picture

  "The vast majority of those oligarchs are not Jewish at all..."


Bullshit... It's not a matter of aggregate numbers, it's a matter of ratios... IOW ~ Since jews are 1% of the population, basic math would tell you that if there were 100 oligarchs, then only one of them would be a jew... Yet 47% of American 'billionaires' are jews, most of the power nodes of world banking [IMF, BIS, Central Banks] are jews, most of the United States [non]Federal [non] Reserve are jewish European banking families... & all the NWO alphabet soup rosters, the CFR, The Club of Rome, Trilateral Commission, The Bilderberg Group are chock full of jews [more aligned with the 47% billionaire number above, than the 1 in 100 ratio]...

Let's not forget, either, about Hollywood, & MSM [which serve as the 'entertainment' aspect, keeping dumb people occupied while your liberties are slowly being leeched from you]...

The recent dismissal in the LIBOR case is a perfect example of how this all happens

- a jew judge

- ruling in favor of jew bankers

- while the MSM keeps everyone focused on March Madness


That's just the 'front & center' of it all... Sure ~ there are 'non-jews' who are guilty [as well as some 'jews' who probably derive no special benefits from a corrupt system]... But SYSTEM is the key word here...

It's a jew SYSTEM... Loosely ~ this SYSTEM began coming together [as it operates today] during the beginning of the end part of the Hapsburg Dynasty... Lazy Monarchs whose empires were crumbling, who sold themselves out to a few scheming jew bankers in an effort to hold on to power & royalty... The entire apparatus was built behind the scenes... So, even though 'non-jews' came in along the way to fill important roles [and so as to avoid being totally obvious], it's a jew system... 300+ years ago, nobody could have envisioned a global communication network with information that passes around at light speed... That's why things are dangerous now... That's why so much 'ANTI-SEMITIC' propaganda is tossed about [where just about anything you say or do, you risk getting the 'ANTI-SEMITE' label pinned on you ~ as you're trying to do now with me]... It's the only way left to hide the truth of what has happened & how the architecture of the SYSTEM exists in its present form...

But enjoy your fantasy anyway... [There's RED PILL/BLUE PILL ~ & there's also RED PILL/JEW PILL]...

On ZH... We can jack off all day about THIS or THAT being wrong, or unjust... But until people start shedding these ideas that they have been programmed with, the beatings will continue...

Lastly ~ I'm not a militant... I'm not interested in 'rounding up jews', or spraypainting synagogues... But dammit ~ I'm not going to shy away from pointing the spotlight on where the bulk of the problem stems...

Mon, 04/01/2013 - 12:57 | 3396294 icanhasbailout
icanhasbailout's picture

Again you're confusing cause and effect. The politically incorrect truth is that the IQ bell curve of Ashkenazi (Eastern European) Jews skews 15 points above the median, which is why you end up with a disproportionate number of Jews at the top of various fields, including banking. But you'll also find a disproportionate number of Jews at the top of the fields that benefit humanity, like sciences and arts and medicine and technology.

There are other groups whose IQ bell curves skew below the median, and you'll find almost none of these at the top of any field of intellectual achievement, for the same reason.

You'll notice I did NOT use the term "anti-semite" regardless of your anticipation thereof. My purpose is not to demonize you but to correct a flawed analysis.

More common than Jewishness in the ranks of billionaires or bankers or scientists is high IQ, and that's just an unalterable fact of life.

If you take a look at the 13 Illuminati families that hold the reigns of power on this planet, only one of the 13 is Jewish (Rothschilds). The Jews whom you point the finger at are just another layer of misdirection, another layer of patsies to distract from the real powers. They are useful because they have the intellectual firepower to perpetuate the status quo, but there's nothing inherently Jewish about it.

Sun, 03/31/2013 - 17:42 | 3394178 Karl von Bahnhof
Karl von Bahnhof's picture

Your avatar name spelled correctly:

I Cohen's bailout.

No joking!

Sun, 03/31/2013 - 19:05 | 3394374 Go Tribe
Go Tribe's picture


Sun, 03/31/2013 - 15:15 | 3393857 algol_dog
algol_dog's picture

unreal ...

Sun, 03/31/2013 - 15:40 | 3393928 reload
reload's picture

As unreal as the `near collapse of the economy` and its cousin `nearly pregnant`

When a politician says the economy is `near` collapse, it is absolutely over. No more garbage trucks, no more wages for teachers, no more small business, just another IMF theme park.

Sun, 03/31/2013 - 17:19 | 3394142 Banksters
Banksters's picture

 'All animals are equal, but some animals are more equal than others.'

Animal Farm


Sun, 03/31/2013 - 15:15 | 3393859 SpiceMustFlow
SpiceMustFlow's picture



Sun, 03/31/2013 - 15:20 | 3393860 AG BCN
AG BCN's picture

be scared my boy. It will take time, but for every action there is an equal and opposite reaction. 

Sun, 03/31/2013 - 15:18 | 3393863 williambanzai7
williambanzai7's picture money?

Ladies and Gentlemen, welcome to the International Chinese Downhill. There is only one rule to the Chinese Downhill: There are no rules!

Sun, 03/31/2013 - 15:26 | 3393891 negative rates
negative rates's picture

Rule #1, obey all rules. Rule #2, follow rule #1. 

Sun, 03/31/2013 - 15:38 | 3393924 freewolf7
freewolf7's picture

Rule #3, all rules are negotiable.

Sun, 03/31/2013 - 15:47 | 3393951 knukles
knukles's picture

Subscript: if I'm the leader there are no rules that apply to me

Sun, 03/31/2013 - 16:39 | 3394071 Hobie
Hobie's picture

Make rules up as you go along. And remember, rules are there to be broken.

Sun, 03/31/2013 - 18:15 | 3394235 Professorlocknload
Professorlocknload's picture

Rules? We don't need no stinking rules. He who rehypothicates gravity to maximum advantage, wins by hitting bottom first and hardest.



Sun, 03/31/2013 - 18:48 | 3394325 sunnyside
sunnyside's picture

Calvinball for banksters.


Sun, 03/31/2013 - 17:43 | 3394183 U4 eee aaa
U4 eee aaa's picture

Rule #4 He who has the gold makes the rules

Sun, 03/31/2013 - 18:04 | 3394209 Henry Hub
Henry Hub's picture

Rule #4 He who has the (biggest) guns makes the rules ( that would be the government)

Sun, 03/31/2013 - 16:58 | 3394106 CH1
CH1's picture

Rule #1, obey all rules. Rule #2, follow rule #1.

Translation: Give us all your money till you die, and thank us.

Sun, 03/31/2013 - 15:18 | 3393865 McMolotov
McMolotov's picture

As passive as people seem at this point, I'm starting to believe there will be plenty of bankers and politicians who will meet an unhappy fate in the near future. The minute one group of citizens feels wronged enough to take action against the wrong-doers, it will spread like wildfire — as it should.

Sun, 03/31/2013 - 15:34 | 3393913 kaiserhoff
kaiserhoff's picture

I'm thinking jury nullification here. 

If armed robbery is legal, what else is suddenly legal?

Sun, 03/31/2013 - 17:02 | 3394110 CH1
CH1's picture

I'm thinking jury nullification here.

Jury nullification requires people with guts... precisely the people who are abandoning the system.

Get out, get away, start building something better. The whole is corrupt.

Sun, 03/31/2013 - 16:16 | 3394025 max2205
max2205's picture

20-1 says your wrong unfortunately

Sun, 03/31/2013 - 18:24 | 3394257 Professorlocknload
Professorlocknload's picture

I think that sometimes too, but then realize these are a people who have been at the .gov tit so long, it feels like freedom to them. 


Sun, 03/31/2013 - 19:07 | 3394385 Winston Churchill
Winston Churchill's picture

Just one will start the rampage.

No one wants to be the first.

Sun, 03/31/2013 - 20:01 | 3394489 monkeyboy
monkeyboy's picture

Wish I shared your optimism, but I ain't convinced.

Sun, 03/31/2013 - 15:18 | 3393868 G. Marx
G. Marx's picture

I'm shocked, shocked I tell you!

Sun, 03/31/2013 - 17:08 | 3394122 gould's fisker
gould&#039;s fisker's picture

Exactly, this story is THE most shocking thing I have ever read on ZH!

Sun, 03/31/2013 - 15:19 | 3393870 pain_and_soros
pain_and_soros's picture

Shocking, simply shocking for a country with an unparalleled reputation for laundering money, but doing so with the utomost discretion & integrity...Just shocking I say

Where did this corruption possibly come from? These people are pristine...I don't understand it...SHOCKING


Sun, 03/31/2013 - 15:52 | 3393962 earleflorida
earleflorida's picture

ummm... south america/ mexico via ussa

always get out of a glass house before one throws stone's, especially if it's yours...

Sun, 03/31/2013 - 15:20 | 3393873 Major Major Major
Sun, 03/31/2013 - 15:21 | 3393877 PaperBear
PaperBear's picture

Keeping the non-shared shared sacrifice in the family.

Sun, 03/31/2013 - 15:28 | 3393900 Intoxicologist
Intoxicologist's picture

Talk about hiding your Easter eggs...!

Sun, 03/31/2013 - 15:22 | 3393878 NoWayJose
NoWayJose's picture

Anyone still doubt that politicians are just another pawn for bankers?

Sun, 03/31/2013 - 15:22 | 3393880 negative rates
negative rates's picture


Sun, 03/31/2013 - 15:23 | 3393881 Intoxicologist
Intoxicologist's picture

Ugh, it never ends.

Somebody get me a beer.

Sun, 03/31/2013 - 15:26 | 3393887 falak pema
falak pema's picture

what does Papandreou have in common with...Anastasiades?

Are they both descendents of Princess Anastasia of the Romanovs?   Wrong!

Papandreou's father was more a bolshy than an avowed oligarch; haha, just like Lenin was ...well appearances can be deceiving. Lets give him the benefit of doubt. 

Do they both love Moussaka ? Wrong! Papa lived all his life in NY and loved american trash food. 

So, what do they have in common? Family! 

One has a mother who loves to shop in Geneva, the other has cousins who love to shop in London! 

Ain't life sweet?

Red October! 


Sun, 03/31/2013 - 15:42 | 3393894 JustObserving
JustObserving's picture

Millions of cases of mortgage fraud were committed in USA leading to the 2008 financial crisis.  Not a single bankster went to jail including the Orange one.  Why should Cyprus be different?

Sun, 03/31/2013 - 15:32 | 3393906 PontifexMaximus
PontifexMaximus's picture

at least he was so intelligent not doing it via Switzerland

Sun, 03/31/2013 - 15:34 | 3393911 Bobportlandor
Bobportlandor's picture

Looks like I need another bag of popcorn.

Sun, 03/31/2013 - 16:00 | 3393989 Wile-E-Coyote
Wile-E-Coyote's picture

We need a lorry load of popcorn and bullet proof jackets, this could get to be a dangerous spectater sport.

Sun, 03/31/2013 - 15:36 | 3393917 bugs_
bugs_'s picture

silly voters tricks are for deciders

Sun, 03/31/2013 - 15:37 | 3393919 Troy Ounce
Troy Ounce's picture

 The people will revolt. Bueeeeeeeehhhh

Sun, 03/31/2013 - 15:48 | 3393953 PontifexMaximus
PontifexMaximus's picture


Sun, 03/31/2013 - 15:38 | 3393920 Troy Ounce
Troy Ounce's picture

 Bueeeeeeeehhhh Bueeeeeehhh

Sun, 03/31/2013 - 15:38 | 3393921 debtor of last ...
debtor of last resort's picture

So their money is in Greek bonds and GLD etf now. Funny how things can go.

Sun, 03/31/2013 - 15:39 | 3393923 zipit
zipit's picture

"no one, including himself, will be exempt"! That is rich!

Sun, 03/31/2013 - 15:39 | 3393927 Sudden Debt
Sudden Debt's picture


now that we know that....

You throw the man in jai.
Confiscate 100% of his entire wealth.
Confiscate his wife's entire wealth as transfers will aslo happen.
Confiscate the entire family's wealth to the 3th degree.

And fine them another 100%.

Than thow him in jail and tell him he'll earn 5 euro's a day stamping license plates. And after he repays about... oh let's say 60.000.000 euro, he can go free.


and eh...


Sun, 03/31/2013 - 15:40 | 3393929 TeamDepends
TeamDepends's picture

His campaign pledges were so convincing.

Sun, 03/31/2013 - 15:55 | 3393975 Sudden Debt
Sudden Debt's picture

well, he'll probably also said he would bring CHANGE to the country...

so in a way...

like OBarry...

he did bring change turning millions into change...

Sun, 03/31/2013 - 15:44 | 3393939 paradism_
paradism_'s picture

cyprus (noun): obsolete


lol. ain't that the fucking truth.

Sun, 03/31/2013 - 15:46 | 3393944 ziggy59
ziggy59's picture

What secure unknown location are these people hiding out?
The elite are going, see? We can get away with anything and everything...

Bankster! The Other, Other White Meat

Sun, 03/31/2013 - 15:47 | 3393948 stopphishing
stopphishing's picture

If  that  real  is the case , and the people of Cypus  had to take  huge haircuts  in their  bank account,  in my opiion  they should start rioting  in the streets in protest

Sun, 03/31/2013 - 15:49 | 3393954 BanksterSlayer
BanksterSlayer's picture

Is this the same Cyprus president who made a big fluff last Friday about volunteering to take a 25% deduction to his salary, as a show of solidarity with his long suffering Cypriot patriots? Yes, yes it is.


Sun, 03/31/2013 - 15:56 | 3393976 FoeHammer
FoeHammer's picture

Just a little trim. Lookin' good, boss!

Sun, 03/31/2013 - 16:03 | 3393995 knukles
knukles's picture

Hey, he's willing to sacrifice

Heads upon stick time draws near, y'all can just see it a comin.

Sun, 03/31/2013 - 16:21 | 3394038 markar
markar's picture

Wake me when the first one happens.

Sun, 03/31/2013 - 16:35 | 3394065 Pareto
Pareto's picture

Fucking rights Knuckles!  Round the fuckers up for a public stoning.  The arrogance, the lies, the cheating, all of this has become the normal.  Questioning any of it makes one to be a lunatic.  The media, bankers, and politicans - all of them rounded up and set on fire.  They deserve nothing less than this.

Sun, 03/31/2013 - 17:09 | 3394123 gould's fisker
gould&#039;s fisker's picture

Is there an app for that . . . public stoning that is?  If there is then I think we can make some progress.

Sun, 03/31/2013 - 15:51 | 3393960 NoelConfidence
NoelConfidence's picture

 "Muddle thru" they said, "We're all in this together" they said.

Sun, 03/31/2013 - 15:54 | 3393973 Intoxicologist
Intoxicologist's picture

I think this pretty much sums it up.

"Nothin' up my sleeve!"

Sun, 03/31/2013 - 15:56 | 3393977 morning
morning's picture

Diesel is happy, test run complete and successful. Enter Slovenia.

Sun, 03/31/2013 - 16:17 | 3394028 PontifexMaximus
PontifexMaximus's picture

Exactly, why do people do not want to understand, that the Cypriots will no fight, they are happy being stolen. They won't demonstrate and Brussels knows that full well. Prove me that I'm wrong!

Sun, 03/31/2013 - 15:59 | 3393986 LoneStarHog
LoneStarHog's picture

Oh! Let me guess.  While guns are outlawed in Cyprus, this piece of dog shit has body guards WITH GUNS!

Sun, 03/31/2013 - 16:01 | 3393992 SubjectivObject
SubjectivObject's picture

How did the journo find out?

How did they get documentary evidence?

Sun, 03/31/2013 - 16:02 | 3393993 cherry picker
cherry picker's picture

Insider trading is legal for politicians, isn't it?

Cyprus should do an Iceland and fuck those who think they can break the same laws that apply to their citizens.

Cyprus Libre!

Sun, 03/31/2013 - 16:10 | 3394015 Lordflin
Lordflin's picture

It is a blessing that the Cypriots have strict gun control or someone might get hurt...

Sun, 03/31/2013 - 16:20 | 3394039 BlowsAgainstthe...
BlowsAgainsttheEmpire's picture

Well duh, what's the point of being in power if you can't use it for your own personal advantage.

Sun, 03/31/2013 - 16:21 | 3394041 Thepnr
Thepnr's picture

Printing an article in a newspaper doesn't make it true, but if it smells like fish it's usually fish.

Sun, 03/31/2013 - 16:25 | 3394051 GMadScientist
GMadScientist's picture

What's the Cypriot stance on cleaver and shovel controls?

Sun, 03/31/2013 - 16:36 | 3394066 Monedas
Monedas's picture

"Cyprus is the rectum and anus of the Euro Zombie .... this is theatre .... they provoked this crisis .... in their weakest Zombie Banks .... now they are going to fix it .... then this will bolster confidence in all Euro Zombies !" ....   MillionDollarMonedas    1929

Sun, 03/31/2013 - 16:38 | 3394070 LetsGetPhysical
LetsGetPhysical's picture

Who is surprised by this?

Sun, 03/31/2013 - 16:46 | 3394080 The Onion Of Tw...
The Onion Of Twickenham's picture

Holy crap.


If there is a single word of truth in this story then that's the end of Cyprus in the Eurozone.

Sun, 03/31/2013 - 16:46 | 3394082 Stanley Lord
Stanley Lord's picture

Stop calling theft "haircuts", that is an odious term.

Sun, 03/31/2013 - 16:48 | 3394087 q99x2
q99x2's picture

Hard to say, but if anyone knew ahead of time there is no moral issue about getting the money out only in not telling others to do the same. Oh ya and signing the theft agreement.

Sun, 03/31/2013 - 16:49 | 3394088 MrNude
MrNude's picture

Hang the fuckers.

Sun, 03/31/2013 - 16:59 | 3394107 Critical Path
Critical Path's picture

There is absolutely no end to the amount of corruption going on.  I would guess that dispite everything we've seen over the past 5 years, we're only scratching the surface.

Sun, 03/31/2013 - 17:03 | 3394116 Cacete de Ouro
Cacete de Ouro's picture

Corral. Now there's a word that many people don't think about the meaning of. As in Gunfight at the OK Corral.

One word for the Cypriot People. Corral!
As in Corral your so called leaders, central bankers, minfin officials, commercial bank chairmen and executivos, chief communications officers of said central banks, elected parliamentarians, ECB officials deputized to Cyprus, IMF executive director responsible for Cyprus, European Commission officials appointed to Cyprus and their associated hangers-on, and cheerleaders, cypriot ECB cheerleaders.

If you do not corral them, then just remember, your children will say, ..fool me once, shame on you, fool me, you can't get fooled!!!! :)

Ok, you get my drift.....

Sun, 03/31/2013 - 17:17 | 3394135 Ronaldo
Ronaldo's picture

Way too funny.

Sun, 03/31/2013 - 17:19 | 3394136 Monedas
Monedas's picture

If they are this crimminal now .... how will they behave when gold goes parabolic .... grin and bear it .... or .... step and fetch it ?

Sun, 03/31/2013 - 17:18 | 3394139 jtlien
jtlien's picture

What's next?  Profaning the Eleusinian mysteries?  Going over to join the Spartans?

Doesn't anyone remember Alcibiades?


Sun, 03/31/2013 - 17:21 | 3394148 surf0766
surf0766's picture

He did it for the greater good. The little white lies and all.

Sun, 03/31/2013 - 17:33 | 3394158 Bicycle Repairman
Bicycle Repairman's picture

Now we'll see if Cyprus goes "Iceland" or not.  It's all on them.

Cyprus' gun laws are no different than Iceland's

The whole world is watching.

Sun, 03/31/2013 - 17:55 | 3394173 JPMorgan
JPMorgan's picture

Well of coarse! what did you expect, for the politicians to do the right thing and suffer the same fate as the rest of the country.

LOL these fuckers don't give a shit about the people, they are just looking out for themselves.

As Gerald Celente says that word ' justice ' is not spelled correctly... it's JUST-US.

This is what a modern day bank robbery looks like:






Sun, 03/31/2013 - 18:20 | 3394251 Orly
Orly's picture

Sounds like Yellow Journalism (as simply passed along by ZeroHedge...).

This is going to be a giant nothing-burger.


Sun, 03/31/2013 - 18:38 | 3394294 israhole
israhole's picture

I smell a Jew, like the proverbial nigger in the woodpile.

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