See, even the article agrees with me!! It shows how naive people are. "Safe as a bank" is always a good party joke, but the reality is putting your money in the bank is an investing decision, and all investments have a risk attached to them.
I realise we are all agreed on this thread - that phrase from the article just highlights how financially illiterate 99.99% of the population is, including the writer of the article. As a depositor you have no greater rights than an ordinary creditor in a company.
Has that $250k bank guarantee expired yet, does anyone know?
