So, I think they're trying to point out that the "move along folks, it's just the idle rich who will be affected by this" story is not quite complete.
It's not exactly a morality play that's unwinding in Cyprus. It seems to be one more demonstration that the neo-libaral regime in the EU is even more destructive and moronic than the one in the U.S.
Joanna
----- Original Message -----
On Mar 25, 2013, at 1:50 PM, 123hop at comcast.net wrote:
> Naked Capitalism has pretty good info on all of this.
For some reason, Naked Capitalism is trying to deny that Cyprus was a tax shelter and money laundry. Misha Glenny - who is a serious guy who knows what he's talking about - has a piece in today's FT convincingly arguing that it was. No doubt some innocent parties are getting clipped, but a lot of shitheads are too.
Glenny: http://www.ft.com/intl/cms/s/0/5c96868a-923a-11e2-851f-00144feabdc0.html ___________________________________ http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk