In covering the proposed Cyprus bank account seizure—which fortunately was voted down by the country's parliament—I came across an odd defense of the proposal from New York Times business writer Andrew Ross Sorkin. The essence of Sorkin's defense was that it had been 72 hours since the proposal was announced—a whole 72 hours!—and disaster had not struck.
Did We Already Get Cyprused?
Did We Already Get Cyprused?
Did We Already Get Cyprused?
In covering the proposed Cyprus bank account seizure—which fortunately was voted down by the country's parliament—I came across an odd defense of the proposal from New York Times business writer Andrew Ross Sorkin. The essence of Sorkin's defense was that it had been 72 hours since the proposal was announced—a whole 72 hours!—and disaster had not struck.