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This is all Garins fault. I told him that an economy dependant on debt is just not going to work. If I give the bank £1, how the hell can they magically turn that into £9 and give as a loan or a morgage. What if everyone stopped borrowing money and started saving? Is that not what the banks want us to do?
Wouldn't worry too much about HSBC, Machie, they're in ok form compared to the smaller banks.
No seriously, things are still looking bad... Think it may be best to chuck the £35k into the organisations and then bury the rest in the garden...
I thought this $800 gazillion bailout was suppose to fix the economy. All the share prices are falling still. The ftse 100 was at the lowest its been since 2004. Who's to blame for all this? I want to see people getting fired.
> *gulp* My mum saw a news camera team outside our HSBC bank
> earlier today. I don't think they were there to report about the
> flooding, as there isn't any at the moment. :/
I'm an HSBC customer..*gulp*
But luckily I'm with Nationwide as well. Despite their complete farcical way of dealing with things, I think they are the most secure organisation. But I could have been brainwashed into thinking that!
Although NS&I and Northern rock (which has been effectively nationalised) offer extra protection as they are backed by HM treasury.Irish banks now also have unlimited cover but I think this is only for a period of the next two years ? (Post Office savings is Bank Of Ireland).
Right,now I know the safest places to store any huge piles of cash which I haven't got !.