10 Responses to Europe strikes deal to push cost of bank failure on investors

  1. mtnwolf63 says:

    i wonder if they’ll be jumping out windows this time?

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  2. Carla says:

    Where do they get that 132,000 is a great amount of money ???? That is nuts. I have been telling my family and friends to get there money out of the banks before our own government goes in to take it and pulls some crap like this…

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  3. Irene C says:

    I agree, Carla. $132,000 isn’t a lot of money, although I would like to have that much saved. Many of these people have worked all their lives to save their money so they can retire in reasonable comfort. Why should ordinary citizens be accountable for the errors of the banks and/or their government? And I have a feeling that this is going to get much worse. Won’t be long before it comes to the U.S. It kind of makes me glad that I don’t have that much money, either in the bank or at home.

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    • Carla says:

      I will not keep a large amount of money in the bank any longer. I can see the writing on the wall. I was telling my husband tonight about everything that I am reading about the banks and what the plan is from our own government to take our 401k and put it into a big pot so that everyone gets some.. He thinks that I am reading too much into it and I tell him just you wait..

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  4. George says:

    Isn’t it time the banks were nationalised; the various government across the globe have paid enough to have bought them several times over.
    Alternatively, people withdraw their monies from the banks and return to basics by starting Credit Unions, as is already happening in the UK and perhaps other countries too.

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  5. Stuart Charlton says:

    A financial adviser I follow has been saying for years “put your money in the first national bank of your mattress” seems he was right

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    • Carla says:

      Stuart,
      Your financial adviser is on the right tract..

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      • Jay says:

        My “stock market” is literally on the hoof–for meat and milk. I trust banks about as far as I can throw them. I may be “money poor”, but eat fine, due to my hard work.
        I can’t eat money anyway. :)

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  6. Funki says:

    Yes credit unions and co-operative banks are the way forward. A more socialist approach to banking, for the people, and the mattress is always a good alternative these days.
    It seems strange that the USA is looking at Europe with alarm…what did you think would happen? and don’t be too surprised when all those bad debts and loans your bankers sold us in Europe, come back to haunt you….(but then you are all forgiven in the USA as most people knew nothing about it and have lost money and savings also – my sister lives there)….Banks and Governments have a lot of explaining to do!

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