Bank of Cyprus

Will the U.S. Government “Pull a Cyprus”?

History is full of examples of governments who when they can’t pay off their debts, begin to confiscate private-sector assets. The most recent example is Cyprus. After the close of business Friday March 15th 2013, the government of Cyprus declared that they were going to deduct 6.75% of every bank account of less than €100,000 ($130,000) and […]

Will the U.S. Government “Pull a Cyprus”? Read More »