And of course a 'bad' decision in one persons eyes is a good one in others...especially if you add other factors like keeping your job/being elected/not being shot...amazing how personal motivation can change a persons view of the world check out how the savers in Cyprus will now view the world compared to their elected lords...
The dutch finance mimster has said thisis the way forward for amangng all bail outs...watch the run on Italian and Spanish banks! Got yer money while you can....I bank with Santander, wonder if I should go to a safe house, someone like RBS....
My mortgage is with Santander............I wonder if the redundant staff will burn all the documents if the bank goes under.....:biggrin: PS..... I pulled all mine out when Northern Rock went to the wall.........from Barclays.......the only one I needn't have worried about at the time....
Ad thats why NR went to the wall; unjustiied runours and irresponsible media reporting made your average Jo think feck, I'm gonna lose it all s I'm having it out! And look what that has cost US
Well not exactly. Northern Rock went to the wall because their business model (borrowing short term in the money market and lending out long term to mortgagors) had become totally unsustainable. They could no longer find short term money to borrow, and hence were insolvent. The customers' media stoked run was just the icing on the cake, and a source of symbolic TV images.
