depositor haircut

The team at Demonocracy has released another terrific infographic. This one visualizes the situation in Cyprus: how big the hole is, and whose money is getting poured into it.

It's an excellent way to understand how the captial crunch occurred, and how much depositor wealth is getting vaporized to make up for the excesses of Cypruses reckless bankers, lax regulators, and greedy politicians.

Click image for a larger version.