The Cyprus bank bailout has finally come down, taking sixty percent of savings from some depositors, and placing stiff restrictions on the rest. And Cypriots know it isn’t over. They know that in the end they will lose their money, for when a State wants to take your money it will take your money. Unfortunately for the citizens of Cyprus, Cyprus has no Second Amendment, and it’s just amazing what a government can do to an unarmed populace. Ogden Nash famously said he thought he would never see a billboard lovely as a tree. What about bailouts?
I think that I shall never see
A bailout lovely as a tree
A cypress tree like Cyprus banks
When standing firm receives no thanks
But Cyprus banks and cypress trees
Lay cold and dormant in a freeze