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Topic: HSBC imposes restrictions on large cash withdrawals - page 2. (Read 2208 times)

global moderator
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This made me angry just reading it. Nobody should be obligated to tell ANYONE what they want to spend their own money on. What are they going to do, deny the withdrawal if it isn't a 'good enough reason'. How about, 'because I don't trust you with my money'. Wonder how that would have gone down.

I prefer the "your mum" approach when they ask you what you're going to be spending it on  Grin.
hero member
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Cryptophile at large
This made me angry just reading it. Nobody should be obligated to tell ANYONE what they want to spend their own money on. What are they going to do, deny the withdrawal if it isn't a 'good enough reason'. How about, 'because I don't trust you with my money'. Wonder how that would have gone down.
hero member
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Very sad news. This is definitely not a good sign.

Mmmm yes but at least the terrorist are still being funded.
member
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Very sad news. This is definitely not a good sign.
global moderator
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Max Keiser says this is reminiscent of Northern Rock.  The bank that failed.
He has been saying for a while now, HSBC is insolvent.

Why is this "off-topic"?  This is good news for Bitcoin.  Another bank could be about to fall.



HSBC is a massive bank so I don't think it'll go the way of Northern Rock, but it is a warning sign that banks can do whatever they want with your money.
hero member
Activity: 546
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Max Keiser says this is reminiscent of Northern Rock.  The bank that failed.
He has been saying for a while now, HSBC is insolvent.

Why is this "off-topic"?  This is good news for Bitcoin.  Another bank could be about to fall.

global moderator
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http://www.bbc.co.uk/news/business-25861717
Quote
Some HSBC customers have been prevented from withdrawing large amounts of cash because they could not provide evidence of why they wanted it, the BBC has learnt.

That is why we need bitcoin

4000£ a large withdrawal lol, it isn't even enough to buy a proper oled tv  Cheesy

Wtf, why do you need to tell your bank what you want to spend your OWN MONEY on? If they'd've asked me I'd've just told them "your mum" Grin. And people shouldn't be banking with HSBC anyway.
legendary
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If you want to walk on water, get out of the boat
http://www.bbc.co.uk/news/business-25861717
Quote
Some HSBC customers have been prevented from withdrawing large amounts of cash because they could not provide evidence of why they wanted it, the BBC has learnt.

That is why we need bitcoin

4000£ a large withdrawal lol, it isn't even enough to buy a proper oled tv  Cheesy
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