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Snark time: offshore banks have no FDIC coverage. Think the offshore account holders are worried?

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elehhhhna Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-15-08 06:25 PM
Original message
Snark time: offshore banks have no FDIC coverage. Think the offshore account holders are worried?
With US bank/s & other finanical institutions failing, in today's global economy, the ripples will be felt in offshore investment vehicles, as well.


I sure as heck hope they're nervous.

Good luck moving your secret, uninsured stash o' money, republicans. Better get crackin'!

BTW, the value of Caymanian currency is directly linked to ours. (CI $1.00 = US $ .80...or, in reverse, US $1.00 US = CI $1.25). Ergo, if you're holding accounts in Cayman, their currency is being devalued at the same rate (and speed) as ours, smartguy.
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PetrusMonsFormicarum Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-15-08 06:27 PM
Response to Original message
1. My mattress
keeps getting lumpier every day.

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muntrv Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-15-08 06:35 PM
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2. Watch 'em scream for government bailout money.
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elehhhhna Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-15-08 06:40 PM
Response to Reply #2
4. lol from what government?

Cayman, for example, is laying off police & firemen.

Turns out that tax-free government is somewhat hard pressed when paying for basic services. Who'da thunk it?
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DesertFlower Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-15-08 06:37 PM
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3. well i'd be nervous. nt
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annabanana Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-15-08 06:42 PM
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5. Now THAT would be Karma with some TEETH.
You could sell tickets to the board meetings...

Make the deserts bloom with flop-sweat!

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zbdent Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-15-08 07:04 PM
Response to Original message
6. Wanna make em wet themselves?
shout "NATIONALIZATION!"

(Wasn't it Johnny Depp in "Blow"?)
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elehhhhna Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-15-08 08:00 PM
Response to Reply #6
7. Well, looky here, if that doesn't do it, THIS will:
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