Originally posted by Bob Dalek
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Anyone here still banking with an Icelandic bank?
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Originally posted by Bob Dalek View PostEr, where is all of this magic spare cash that our illustrious Government seems to be relying on to bankroll those who decided to play patty cake with big-bucks-returns numpty banks?
If there is a run I am guessing that savers will be issued with some sort of Govt. bond that you have to keep for some time which will be just as worthless as the bank going down with your savings. Or they will print so much money that inflation will negate your savings anyway.
Just better hope everybody leaves their money where it is.I am not qualified to give the above advice!
The original point and click interface by
Smith and Wesson.
Step back, have a think and adjust my own own attitude from time to timeComment
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Originally posted by sasguru View PostThat is indeed what the wise are asking.
No.... because the wise already know !!!Comment
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Originally posted by Bumfluff View PostLooks like its official now statement from Treasury -> http://www.wired-gov.net/wg/wg-news-...4?OpenDocument
Think I've aged 10 years since yesterday.
Remember 50K max and probably better in solidUK institutions
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Originally posted by The Lone Gunman View PostI think they are hoping nobody calls their bluff. As long as people do not panic and leave their money where it is guaranteed HMG will not need to pay out on their promise.
If there is a run I am guessing that savers will be issued with some sort of Govt. bond that you have to keep for some time which will be just as worthless as the bank going down with your savings. Or they will print so much money that inflation will negate your savings anyway.
Just better hope everybody leaves their money where it is.Comment
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Originally posted by sasguru View PostI hope you get your money back from HMG guys, but I'm getting uneasy.
Can HMG really afford to guarantee every deposit in the country?
But, it has set a very dangerous precedent in my view. What happens with the next one....Comment
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Originally posted by ASB View PostBut, it has set a very dangerous precedent in my view. What happens with the next one....I am not qualified to give the above advice!
The original point and click interface by
Smith and Wesson.
Step back, have a think and adjust my own own attitude from time to timeComment
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Originally posted by The Lone Gunman View PostPrecedent is an issue. They will now have to offer the same terms for every bank. How could they justify bailing out those greedy twats who jumped at the higher interest rates abroad for the full amount, but only offer the first 50K in a UK bank etc.The court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.
But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”Comment
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Originally posted by sasguru View PostI hope you get your money back from HMG guys, but I'm getting uneasy.
Can HMG really afford to guarantee every deposit in the country?
We are all shouldering a £50BN bailout as it is, what problem is a couple more on top?my ferret is your ferretComment
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Originally posted by ferret View PostTaken from the taxes of permies
We are all shouldering a £50BN bailout as it is, what problem is a couple more on top?Comment
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