gold, page-97437

  1. 22,962 Posts.
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    J4k
    you go and put money into a bank account.
    That money is the last to get payed out.
    ie if the bank goes belly up.
    everybody gets payed first. Your account is the last to get payed.
    Thats why people rush to the bank to try to get their money out because they know, they never get their money back if the poo hits the fan.
    unsecured depositors are the last to get anything.
    outrageous really.
    At least with bail in. Your money gets converted into shares in the bank.
    Sure, you can probably wipe your bum with it at the end, but at least they slow the process down and buy themselves time. So they can disappear without a trace before you totally lose everything.
    Sorry but thats how it is.
    your pain gets halved each time. Instead of feeling it all at once. Hahaha



    Last edited by albatrosss: 03/07/21
 
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