The government of Cyprus has instituted a tax on private savings accounts of 9.9% on larger accounts and 6.7% on smaller accounts. This is required for Cyprus to be eligible for bailout funds from the European Community.
Chriss Street ties in the 2nd Amendment, and says it won't happen here, but I'm not too sure...
Read about it here:
http://www.chrissstreetandcompany.com/2013/03/cypriot-bailout-amendment/
Smitty
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