Jump to content
House Price Crash Forum
r thritis

It Pays To Panic

Recommended Posts

I have experienced a bank collapse in another country about 10 years ago.

The government and FSA equivalent issued 'don't panic' warnings in the week that lead up to the collapse. I heeded those warnings and I thought it would be ok - the bank would be bailed out if anything serious happens I thought.

Obviously, the end result was that those who panicked got their money back whereas those who didn't lost all their money. Conclusion: you have nothing to lose by panicking and everything to gain.

Share this post


Link to post
Share on other sites
I have experienced a bank collapse in another country about 10 years ago.

The government and FSA equivalent issued 'don't panic' warnings in the week that lead up to the collapse. I heeded those warnings and I thought it would be ok - the bank would be bailed out if anything serious happens I thought.

Obviously, the end result was that those who panicked got their money back whereas those who didn't lost all their money. Conclusion: you have nothing to lose by panicking and everything to gain.

Okay i am panicking, how safe is The Royal Bank of Scotland.

Share this post


Link to post
Share on other sites

F*ckin good point! whats wrong with panicking?

People can panic if they like and if they panic and grab their cash they are 100% guaranteed to lose nothing

Panicking is this years black..........friday :)

Share this post


Link to post
Share on other sites

I am still panicking, help,

how safe is the Royal Bank of Scotland, i don't want to take my cash out and put it in a bank that is more at risk.

Share this post


Link to post
Share on other sites

So the Bank of England is telling everyone not to panic. Two days ago they were also saying they wouldn't bail out any bank that had pursued risky lending strategies before they turned around and bailed out Northern Rock. They sure know how to keep their word.

All things being equal, it makes no sense to keep money with Northern Rock. Depositors are being asked to bear the risk with no upside.

Share this post


Link to post
Share on other sites
I am still panicking, help,

how safe is the Royal Bank of Scotland, i don't want to take my cash out and put it in a bank that is more at risk.

It's fecked, your money would be safer if you gave it to a homeless smackhead to look after it.

Share this post


Link to post
Share on other sites

These people don't even understand basic human psychology. Anyone who has kids will know that the quickest way to get a child to DO something is to say, whatever you do, DON'T do it. So, whatever you do, don't panic, is as good as ensuring that panic will be the outcome.

Share this post


Link to post
Share on other sites
These people don't even understand basic human psychology. Anyone who has kids will know that the quickest way to get a child to DO something is to say, whatever you do, DON'T do it. So, whatever you do, don't panic, is as good as ensuring that panic will be the outcome.

better to be in there 1st rather than last.

Share this post


Link to post
Share on other sites
Guest happy?
I am still panicking, help,

how safe is the Royal Bank of Scotland, i don't want to take my cash out and put it in a bank that is more at risk.

Bank of Mattress is probably your best bet at this point in time.

Share this post


Link to post
Share on other sites
Guest An Bearin Bui
The Rules

1 - if a figure of authority feels the need to say "don't panic", it is definitely time to panic

2 - if you are going to panic, best to panic sooner rather than later

So why are you on another thread claiming that "the whole crisis is overblown?". Are you schizophrenic?

EDIT: or was your other post ironic?

Edited by An Bearin Bui

Share this post


Link to post
Share on other sites
It's fecked, your money would be safer if you gave it to a homeless smackhead to look after it.

I've just answered to your thread where you are calling it a buying op!

Is it you STF who became a bull about a month ago? If so, I guess it worked.

Share this post


Link to post
Share on other sites
I am still panicking, help,

how safe is the Royal Bank of Scotland, i don't want to take my cash out and put it in a bank that is more at risk.

Put it into bricks and mortar.

Share this post


Link to post
Share on other sites

The media still is oblivious. Sky news top of the hour has been on for 7 minutes and its all on this womans funeral, hell who knew theres a massive banking situation and economy in trouble.

Share this post


Link to post
Share on other sites
It was on Radio 4 just after 1pm. The reporter was outside of Nottingham NR & asked one of the customers how much he has withdrawn. The answer was £150K

No need to panic :lol:

Do you think the cheque will clear? :o

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 356 The Prime Minister stated that there were three Brexit options available to the UK:

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.