They are trying to diminish the effect of the confiscation of bank deposits in the offshore haven of Cyprus. Just wait until it happens in other offshore havens. The lesson learned folks is you can't trust governments or banks. One day it will happen in the US when money is confiscated, the government would love to have your IRA or 401k, they already stole the money in the social security trust fund. Those who have their money socked away in gold or real estate are OK. Anyone who owns stocks, bonds or cash is at risk of having some or all of their money taken away one day.
This is reality folks, if you think it can't happen here you are mistaken.