Wednesday, November 15, 2006
Give First Direct a bloody nose Now!
Most banks have less than 3% liquidity. If more than 3% of First Direct customers ask for their money back they will be insolvent forcing HSBC, their owners to bail them out. If we act in concert we can stop the banks charging for current accounts. Kick them back into line. First Direct users, move your account elsewhere. Non First Direct account users, write to your bank via email etc. and tell your bank that you will close your account if they even think about following suite. We only need to get close to 3% to scare them back into line!