From Andrew
"I would rather owe the bank money than the banks owe me."
That wont help you mate in a bank collapse, your debt obligation remains and is transferred to the creditors.
In the case of Pyramid Building Society, many of the people holding their loans found themselves on higher interest rates as a result of the crash.
- Forums
- ASX - General
- statements that will cause a run on the banks
statements that will cause a run on the banks, page-32
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online