Talk of The Villages Florida - View Single Post - Cypress seizing % of bank deposits
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Old 03-19-2013, 02:51 PM
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Quote:
Originally Posted by Parker View Post
I just read that Cypress has agreed to seize roughly 6 to 12% of bank deposits to avoid banking collapse, all with the approval of the EU. Refusal to pay will result in jail and/or hefty fines. Very scary.
There won't be any "refusal to pay" because the money was deducted from the accounts while the bank was closed.