[Wolves] For all petrol heads like me :-) + on the subject of petrol

[David Goodwin]

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1


| I never knew, nor did it jump out at me in the t&c, that should the
bank go
| bust I'd receive so little back.
|
| And if you're in a position where you have a substantial amount of
savings you
| now need to open up lots of different accounts to ensure you're covered.
|
| And with that comes the additional burden and suspicions about why one
person
| needs so many accounts.

Well, it wasn't that bad - from memory I thought you'd get back like 95%
of any amount up to 30k... which is far more safe than storing it under
your bedside mattress / in the biscuit tin etc etc.

Will many people in todays credit driven economy have more than 30k in
savings? I thought the greater problem was that it could take months /
years before you would get 'refunded' from a bank that's gone titsup.

I think I read they're raising the threshold and making changes so
people wouldn't go months without access to $ex-savings.

My personal opinion is that the government should have found a way to
support people with savings in the bank, without taking on the
additional responsibility of underwriting the mortgages. Banks should be
treated like other businesses, and if they make mistakes they should pay
the price.

The government has probably set a precedent in supporting NR, to the
extent that other banks may feel that they can take extra/unnecessary
risks in the future.

David.
- --
David Goodwin

[ david at codepoets dot co dot uk ]
[ http://www.codepoets.co.uk       ]
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v1.4.6 (GNU/Linux)
Comment: Using GnuPG with Mozilla - http://enigmail.mozdev.org

iD8DBQFHi2AQ/ISo3RF5V6YRAohIAKDtb3ySpQDDzaTF3K0XLSeJoBI1ggCg09Wp
KpMxaWt5OTkHr+qi4m3DgwI=
=AZCO
-----END PGP SIGNATURE-----