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2011-12-12 Economy
Run On Swedish Bank In Latvia
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Posted by Anonymoose 2011-12-12 09:55|| || Front Page|| [2 views ]  Top

#1 What happens if a bank declares a "bank holiday" and the customer has direct deposit for their payroll? A mad scramble to shut off the direct deposit?
Posted by tipover 2011-12-12 11:42||   2011-12-12 11:42|| Front Page Top

#2 They've thought of that angle. Banks will still take deposits during a holiday, just not withdrawals.
Posted by Anonymoose 2011-12-12 12:18||   2011-12-12 12:18|| Front Page Top

#3  Some of the banks that went on holiday during the Great Depression have not yet reopened. Their depositors were SOL.
Posted by Anguper Hupomosing9418 2011-12-12 13:58||   2011-12-12 13:58|| Front Page Top

#4 Does that mean they will not accept mortgage payments from those accounts?
Posted by Tamir Pardo 2011-12-12 14:08||   2011-12-12 14:08|| Front Page Top

#5 Does that mean they will not accept mortgage payments from those accounts?

Safest to assume not, Tamir, but what happened to Krajbanka customers? The article only says they were left without access to their money for days.
Posted by trailing wife 2011-12-12 15:04||   2011-12-12 15:04|| Front Page Top

#6  In Korporate Kommunist Amerika, the Federal Reserve Bank runs on YOU.
Posted by Anguper Hupomosing9418 2011-12-12 17:32||   2011-12-12 17:32|| Front Page Top

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