My thoughts exactly !
Posted by Simon at March 20, 2013 04:41 AMCyprus Banking Crisis: Will Russia Ride to the Rescue?
http://business.time.com/2013/03/19/cyprus-banking-crisis-will-russia-ride-to-the-rescue/
Cyprus Bailout: Stupidity, Short-Sightedness, Something Else?
http://www.nakedcapitalism.com/2013/03/cyprus-bailout-stupidity-short-sightedness-something-else.html
"This post from Cyprus.com addresses some important misperceptions about the background leading up to the bank bailout impasse in Cyprus, including the alternatives that were available that were perversely bypassed. I also have a separate post due to launch shortly, but this article is an important stand-alone piece and debunks quite a lot of conventional wisdom."
... snip ...
Posted by Lynn Wheeler at March 20, 2013 06:16 PMvarious scenarios from the Cyprus situation
Banks Lose Public Trust, Run on Banks Looming
http://www.phibetaiota.net/2013/03/rickard-falkvinge-banks-lose-public-trust-run-on-banks-looming/
The Fed Has Already Imposed A "Cyprus Tax" On U.S. Savers
http://www.zerohedge.com/news/2013-03-21/fed-has-already-imposed-cyprus-tax-us-savers
Whose Insured Deposits Will Be Plundered Next?
http://www.zerohedge.com/news/2013-03-21/guest-post-whose-insured-deposits-will-be-plundered-next
Cyprus: Will the Mouse That Roared be Gored? (Updated)
http://www.nakedcapitalism.com/2013/03/cyprus-will-the-mouse-that-roared-be-gored.html
Cyprus Bailout: What to do Now?
http://www.nakedcapitalism.com/2013/03/cyprus-bailout-what-to-do-now.html
ECB to Push Cyprus Over the Brink