To: AAABEST
When that bank went into receivership (that’s how Europeans describe bankruptcy proceedings), it was only a matter of time before the bank is closed. I wonder why there there wasn’t an attempt to return money to depositors even at as little as 40% of the original value?
40 posted on
06/12/2012 5:28:31 AM PDT by
RayChuang88
(FairTax: America's economic cure)
To: RayChuang88
” I wonder why there there wasnt an attempt to return money to depositors “
Simple - in the eyes of the Bankers and their tame Governments, depositors - especially small retail depositors - are merely sheep to be fleeced at need, or at will...
43 posted on
06/12/2012 5:36:23 AM PDT by
Uncle Ike
(Rope is cheap, and there are lots of trees...)
To: RayChuang88
Because the new rules of banking and finance are now based on the Feringi Rules of Acquisition, of which rule number one is:"Once you have their money, you never give it back."
44 posted on
06/12/2012 5:36:49 AM PDT by
Kartographer
("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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