Why Was That Not Theft?

I have attempted to pay attention to the situation involving the banks in Cyprus. The European Union apparently thought that it would be a very great idea to try to confiscate some of the money in the banks that had been deposited by Russian oligarchs, or the Russian mafia. It must be conceded that the border between those two groups is not distinct.

Still, I wonder how this would have been viewed by the Americans if the Grand Cayman Islands government, which I believe is a British colony, attempted to similarly confiscate a significant percentage of the amounts deposited in their banks. While Cyprus may have been a favored offshore banking haven of the Russian rich, the same can be said of the Grand Cayman Islands banks and the American rich. I believe that Mr. Romney, the losing candidate in the last American election, had significant amounts of money in the Grand Cayman Islands banks.

Another point worth your consideration, please: Many of the Russians who had money in the Cyprus banks are what you may call "hard men". If the European bankers had been successful in taking their money, it is not without question if the Russians involved would have let that go without giving the same sort of gift as was received by Anna Politkovskaya.