...
P.S. The worst thing is, that even a month ago I was suspecting that things can go wrong. In February, I several times called my banker and lawyer and asked them if money on the account is safe, mentioning that article in Financial Times. But they convinced me that there is no reason to worry, and even if country goes default, in no way current accounts may be affected. ...
That sucks man. Just before the 2008 collapse I drained my accounts. At the bank they were horrified and almost literally begged me t keep my accounts full. I went with my gut and took it all out anyway. Now we know that America was "within hours of shutting down the ATM networks". The people at the bank were the least qualified to see it coming because they have so much invested in the system.P.S. The worst thing is, that even a month ago I was suspecting that things can go wrong. In February, I several times called my banker and lawyer and asked them if money on the account is safe, mentioning that article in Financial Times. But they convinced me that there is no reason to worry, and even if country goes default, in no way current accounts may be affected. ...
There's nothing a bank fears more than everyone wanting their money back.
Actually they changed the laws so that it is no longer your money any longer, but a debt that the bank owes to you. They do not fear "the run" so much since then.
