News for hackers. Stuff that matters.

A comment on Europe Announces Bailout For Cyprus — Bank Depositors Get Instant 10% Tax. Parent comment

Re:Europe Announces Bailout For Cyprus — Bank Depositors Get... by samstave on Saturday March 16, 2013 @09:57PM (#5387653)
In any circumstance where a bank employee of any bank receiving a bailout receives any bonus at all - this is criminal.

The first measure should be a cut of all executive pay and bonus monies in any bank that so poorly managed themselves that they needed a bailout.

[ Parent | on HN ]
Re:Europe Announces Bailout For Cyprus — Bank Depositors Get... by revelation on Saturday March 16, 2013 @10:02PM (#5387676)
In this circumstance, the first measure should be to cut losses now and dissolve the most toxic banks. Cyprus' banking system is ridiculously oversized for its economy. We need to get back to the idea of banks facilitating business, not being it.
[ Parent | on HN ]
Re:Europe Announces Bailout For Cyprus — Bank Depositors Get... by samstave on Saturday March 16, 2013 @10:06PM (#5387686)
Fantastic point about banks not being business. Totally agree.

We need a greed reset button on all economies.

[ Parent | on HN ]