Could never happen here... RIGHT? RIGHT? Never mind student debt of over a Trillion dollars in Debt. Or State and local governments owe $7.3 trillion in promises they've made that were never approved by taxpayers or 1.5 million not yet foreclosed houses still in flux. All this is not Federal Government money. This is money banks are owed. IF they don't collect it, it will have to come from somewhere. States can't print money. Neither can banks. SO...where do you think that money will come from? Your mattress is starting to look like a pretty good place to keep your stash about now.

Big Cyprus Depositors May Lose 60% of Money

www.newser.com

They call it a "haircut," but it's more like a scalping now. The Bank of Cyprus might end up taking 60% of the money held by rich depositors—about double previous estimates —reports... World News Summaries. | Newser