When banks go bust

Mr Wallin · 09-19-2007, 10:26 AM

Quote:

Originally posted by San:
...therefore the converse would be true.

Of course. But it still is a reason (good one too) to leave the money at the bank.

The Guy From The Sunny Place · 09-19-2007, 04:23 PM

They have gone downhill today.

Matt Raybould · 09-19-2007, 04:25 PM

Has BG been in here saying how since Northern Rock's performances fell, at least their attendances went up, which when you compare it to the fall in fortunes of the Manchester bank and the Chelsea Building society, more people were still attending Northern Rock than their rivals.

Tony Robertson · 10-01-2007, 06:23 PM

I hope no one bought shares the other week when they though it was a good time to buy.

They have just dropped 26% today, down to £1.32 now.

theis · 10-01-2007, 07:43 PM

Quote:

Originally posted by Mr Wallin:
<BLOCKQUOTE>Originally posted by San:
I think there's two ways of looking at it, actually.

On the one hand, there's no real reason to take money out of there.

On the other hand, there's no reason to leave it in there either.

Well there's where you're wrong.

The only way for the bank to go bust is if every customer ends their business with them. So the more people that leaves their money the safer their savings are. </BLOCKQUOTE>

tbh if everyone is acting selfishly and rationally everyone would take their money out.

If there is even the slightest chance that some of your savings could be lost then you take your cash out.

When banks go bust

Grab a beer, sit back and relax.

When banks go bust