The Phaserl


Greg Palast: IMF & EU Conspired with Insider to Loot Cyprus Banks

from TheAlexJonesChannel:

Alex also talks with New York Times-bestselling author and investigative journalist Greg Palast about the banker heist. Palast is the author of The Best Democracy Money Can Buy and Billionaires and Ballot Bandits: How to Steal an Election in 9 Easy Steps.

Help us spread the ANTIDOTE to corporate propaganda.

Please follow SGT Report on Twitter & help share the message.

1 comment to Greg Palast: IMF & EU Conspired with Insider to Loot Cyprus Banks

  • Ed_B

    I’m not convinced that anyone is “looting” Cypriot banks. The geniuses running these banks used bank and depositor money to buy a bunch of near-worthless Greek government bonds and lost a s**tload of it when those bond holders took a substantial haircut. Other than getting additional money from another source, how will these banks replace the money they have lost? There does not seem to be any way other than a bail-out of some kind. There is no discussion about whether a bail-out is needed, only what form it will take. This looks a whole lot like a self-inflicted fatal wound and these banks did not need any help from anyone to create this situation.

    That said, yes, those running the ECB, IMF, and EU are FAR down my list of favorite people. But let us not give those who actually caused this mess a free ride because we do not like others who did not cause it but who are peripherally involved.

    Now, before hurling any abuse my way, how about offering some intelligent suggestions as to what might be done to resolve the serious issues facing these two Cypriot banks such that the small depositors don’t lose their shirts.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>