Thursday, March 21, 2013

DailyMarkets.com - Could A “Cyprus-Like” Situation Happen In US? It Already Has

DailyMarkets.com - Could A “Cyprus-Like” Situation Happen In US? It Already Has

Could A “Cyprus-Like” Situation Happen In US? It Already Has

Posted: 21 Mar 2013 06:00 AM PDT


The banks in Cyprus remain closed until at least next Tuesday out of fear that once the doors open a massive run on the banks will ensue.

The situation in Cyprus is clearly evidence of a financial system that remains on life support and that drastic situations precipitate drastic actions.

Before we lose our heads, though, isn't this why free markets develop and implement rules of law? Indeed — or so we thought.

With the outcome of the situation in Cyprus remaining very much in question, many people in America wonder if a similar situation might unfold here.  … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Forex Trading:

Posted: 21 Mar 2013 05:38 AM PDT

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