Cyprus - Banks Too Big To Fail, Country Too Small To Save

Cyprus - Banks Too Big To Fail, Country Too Small To Save

Video theme song:   • Eyeball - Little Big Dirt   A Useful Idiot gives a followup on the ongoing bankster rape of Cyprus, with all new gyrations, speculations, and negotiations with the ECB, IMF, and EU playing hardball (Hank Paulson style.)The desperation is ripe in the air and this will all happen very fast.It's hard to imagine what will happen if and when the banks open next week - a bailout, a meltdown, a euroexit? There are lessons for everyone here - the methods the banks and the IMF and ECB are using, the extreme imbalance between the financial sector as part of the economy, the exposure to sovereign bond losses, insider rescues,pension confiscations,and bank holidays and bank runs - all things we will all see again. Cyprus - what next? :http://pawelmorski.wordpress.com/2013... Cyprus Wednesday:http://www.huffingtonpost.com/2013/03... Cyprus Thursday:http://link.ft.com/r/WDI4RR/IEPYL6/WB... Cyprus bank imbalance:http://www.bloomberg.com/news/2013-03... Eurozone threats:http://link.ft.com/r/J0VG55/HI3K1G/2C... Cyprus overview:http://www.nakedcapitalism.com/2013/0...