Rival banks were handing out fliers to anxious Northern Rock customers today as they queued on the street outside some branches to withdraw money.Northern Rock, which has confirmed it has received emergency funding from the Bank of England, has stressed that investors' money is safe and Downing Street said the Financial Services Authority had judged the bank was solvent.
But some customers were concerned at the bank's future and were withdrawing funds online and at branches, particularly in the north, where the majority of Northern Rock's customers are based.
Central Bankers have all the answers, right? Trying a little currency manipulation is a good thing for economy, right? No big deal. It's only green paper, right?
I checked my credit union is well capitalized and my accounts are insured. Just in case.