bankruptcy timeline
Should we trust Banks with our savings?
http://news.bbc.co.uk/1/hi/business/7305708.stm QUOTE
” Thornburg Mortgage has said it is trying to raise almost $1bn (£500m) in extra capital to avert a possible bankruptcy filing.”
http://news.bbc.co.uk/1/hi/business/7305039.stm QUOTE
“The UK’s financial watchdog, the FSA, is investigating whether rumours have been deliberately spread to undermine the value of bank shares.”
http://news.bbc.co.uk/1/hi/business/7302622.stm QUOTE
“Lehman Brothers and Goldman Sachs both saw their profits more than halved in the first quarter of 2008.”
http://news.bbc.co.uk/1/hi/business/7096845.stm QUOTE
“Timeline: Sub-prime losses”
Etc etc etc etc
The obscene part is that the GOVERNMENT will only honour £35,000 personal savings if a bank folds and goes into liquidation or freefall..
So if you have sold some property, or have a large legacy, where would you put your money today and not worry about it?
My advice is spead it about but make sure the bank or building society is not part of the same group… as it is only £35.000 you will get back ( and not £35.000 for each account you hold).
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Bankruptcy: Webster’s Timeline History, 1046 – 2001 $28.95 Webster’s bibliographic and event-based timelines are comprehensive in scope, covering virtually all topics, geographic locations and people. They do so from a linguistic point of view, and in the case of this book, the focus is on “Bankruptcy,” including when used in literature (e.g. all authors that might have Bankruptcy in their name). As such, this book represents the largest compilation of ti… |
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Bankruptcy: Webster’s Timeline History, 2002 – 2007 $28.95 Webster’s bibliographic and event-based timelines are comprehensive in scope, covering virtually all topics, geographic locations and people. They do so from a linguistic point of view, and in the case of this book, the focus is on “Bankruptcy,” including when used in literature (e.g. all authors that might have Bankruptcy in their name). As such, this book represents the largest compilation of ti… |
