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Removing funds from Barclays
Comments
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^I'll be there: What should my placard say:
'The End is Nigh' or 'Greed Is Good':rotfl:BLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!
THE KILLERS :cool:
THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:0 -
free4440273 wrote: »^I'll be there: What should my placard say:
'The End is Nigh' or 'Greed Is Good':rotfl:
The plan is to queue quietly and calmly, northern rock style, for an hour or so until the photographers have been. Then come back the next day in different clothes.Bankruptcy isn't the worst that can happen to you. The worst that can happen is your forced to live the rest of your life in abject poverty trying to repay the debts.0 -
^In which case: 'The End is Nigh' :rotfl:BLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!
THE KILLERS :cool:
THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:0 -
I think what it comes down to is this: If there are doubts about your banks solvency, do you:
A) Leave your money there and hope if the bank does go bust there will be enough money to go around
Move you money to a more stable bank.
It's kind of a no-brainer really. At the slightest sniff, I'de move my money.Bankruptcy isn't the worst that can happen to you. The worst that can happen is your forced to live the rest of your life in abject poverty trying to repay the debts.0 -
^So would I, but only if the monies exceed £35K.
BLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!
THE KILLERS :cool:
THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:0 -
free4440273 wrote: »^So would I, but only if the monies exceed £35K.
If it's your current account or the only account that allows quick access to cash then trusting the FSCS scheme isn't a good idea. It's likely to take months to get the cash back, lots of paperwork and you may even still lose it if the scheme doesn't have sufficient funds.
Really, why anyone would keep their funds in a bank that they had any reason to believe could be about to have solvency problems is beyond me. These days you can transfer the cash with a simple mouse click. (Of course you need to have a second account somewhere to do that. I'm going to set up a second UK account myself just for emergencies - can anyone recommend something suitable?)--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
None of these Banks will go bust, or even get into what are considered difficulties.
This really is a case of "The sky's falling in"0 -
None of these Banks will go bust, or even get into what are considered difficulties.
This really is a case of "The sky's falling in"
Yeah, just like Northern Rock was completely safe ... until it wasn't.
No bank can survive a run so if you suspect that there could be one, whether the reason is logical or not, it's absolutely rational to get your money to safety. Preferably before people start queuing and the eBanking system goes offline.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
Yeah, just like Northern Rock was completely safe ... until it wasn't.
No bank can survive a run so if you suspect that there could be one, whether the reason is logical or not, it's absolutely rational to get your money to safety. Preferably before people start queuing and the eBanking system goes offline.
I will eat my words when a bank does go bust, and costs regular savers money (not shareholders - this is different).
Until then, this is all nonsense.
So tell me, who exactly has lost money so far that has saved in Northern Rock?0
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