Sunday, October 5, 2008

A good idea.. I think

Full deposit protection is nigh

The decision by the German federal government to guarantee all private savings in German banks is momentous. In a globalised banking market, in which money can leak across borders like a sieve, it will be almost impossible for the UK not to follow Germany's lead.

Posted by mario @ 05:55 PM (550 views)
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2 thoughts on “A good idea.. I think

  • planning4acrash says:

    Not worth protecting, if the protection renders the savings worthless.

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  • Mariothegreat says:

    yes but tomorrow I will go to take out the money exceeding the max protection and if everyone will do the same the banks could have some problem…. why I should risk the saving of all my life mate? For Brown?

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