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Tuesday, April 15, 2014, 11:47 p.m.

Can it happen here?

The decision of the government in Cyprus to simply take money out of people’s bank accounts there sent shock waves around the world. People far removed from that small island nation had to wonder: “Can this happen here?” The economic repercussions of having people feel that their money is not safe in banks can be catastrophic. Banks are not just warehouses where money can be stored. They are crucial institutions ...

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  • Headline: Can it happen here?
  • Publication: Editorial, Pages 14 on 03/28/2013
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