In order to fund a bailout of Cyprus, European leaders have proposed the institution of a tax on bank deposits for residents of the small island nation. A vote is expected on the plan on Tuesday. writes:

Cypriots rushed to pull their money out of banks and ATMs before the tiny Mediterranean nation’s government could finalize a plan to seize depositors’ funds to satisfy austerity demands from euro zone leaders, sparking a run that prompted banks to be closed until at least Thursday.

The island nation’s leaders were huddling to come up with a way to soften the blow on average depositors, with one proposal targeting accounts with deposits above $130,000.

So, could the same thing happen in America? Judge Napolitano says yes. “The people who have more than $100,000 in the bank are targets for any government that’s looking for money to shore up its own inability to manage its finances.”

CDC: Deadly Bacteria, CRE, Is on the Rise in U.S. Hospitals, But We Can’t Fight It Because of Sequester
STATEMENT: Senator David Vitter Will Block Nomination of Thomas Perez as Labor Department Secretary
Judge Jeanine Pirro: Should Barack Obama Be Held Accountable for His Lies?
Did Ben Carson Hint at a 2016 Run for President During CPAC Speech?