Saturday, December 4, 2010
Once something looks like a crisis it becomes a crisis
A plan hatched by ex-footballer Eric Cantona for a mass run on the banks [Tuesday 7th December] could cause a financial "crisis", the British Bankers' Association has admitted. The UK trade body warned that the direct action revolution promoted by the French former Manchester United striker risks a new Northern Rock "if enough people" withdraw their savings. "I don't understand what benefit there would be in trying to crash the banking system," a BBA spokeswoman said. "You would very quickly get into a Northern Rock situation if everybody wanted their money at once. It wouldn't take very long before you get queues and then you would get camera crews. "Once something looks like a crisis it becomes a crisis."