Bank Crisis Hits India: "Bank Stops Functioning, People Crying Outside Bank Branches"

Discussion in 'Markets & Economies' started by willrocks, Oct 6, 2019.

  1. willrocks

    willrocks Well-Known Member Silver Stacker

    Joined:
    May 10, 2012
    Messages:
    7,777
    Likes Received:
    7,199
    Trophy Points:
    113
    https://www.zerohedge.com/markets/b...nctioning-people-crying-outside-bank-branches

    https://twitter.com/imMAK02/status/1179625870882816001?ref_src=twsrc^tfw|twcamp^tweetembed|twterm^1179625870882816001&ref_url=https://www.zerohedge.com/markets/bank-crisis-hits-india-bank-stops-functioning-people-crying-outside-bank-branches

    https://twitter.com/Mehboobp1/statu...nctioning-people-crying-outside-bank-branches
     
  2. ddevil

    ddevil Active Member Silver Stacker

    Joined:
    Jul 22, 2011
    Messages:
    137
    Likes Received:
    90
    Trophy Points:
    28
    Location:
    Melbourne
    Goodness! That is really messed up & yet another reason to minimise what you keep in the bank
     
  3. boneyard

    boneyard Well-Known Member Silver Stacker

    Joined:
    Jul 10, 2009
    Messages:
    6,093
    Likes Received:
    426
    Trophy Points:
    83
    Location:
    55G 528505 5257160 TASSIE
  4. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

    Joined:
    Mar 22, 2010
    Messages:
    8,298
    Likes Received:
    7,656
    Trophy Points:
    113
    Location:
    House Corrino
    The government didn't help when they destabilised the economy by stripping the cash savings of hundreds millions of poor people. Anything that impulses an economy like that is going to cause a wobble.
     
    66rounds likes this.
  5. willrocks

    willrocks Well-Known Member Silver Stacker

    Joined:
    May 10, 2012
    Messages:
    7,777
    Likes Received:
    7,199
    Trophy Points:
    113
    boneyard and 66rounds like this.
  6. JulieW

    JulieW Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    13,064
    Likes Received:
    3,292
    Trophy Points:
    113
    Location:
    Australia
    "Don't be alarmed. Don't overreact."

    Uh Huh.

    I remember Pyramid. Dark days made darker by Labor's incompetence in letting Pyramid go down. I didn't think much of Kennett's government, but his approach as leader of the opposition trying to prevent the collapse was exemplary.
     
    66rounds and Shaddam IV like this.
  7. bron.suchecki

    bron.suchecki Well-Known Member

    Joined:
    Feb 12, 2016
    Messages:
    231
    Likes Received:
    340
    Trophy Points:
    63
    Location:
    Perth
    You'd think "pyramid" in the name would have been a tip off.
     
  8. Oddjob

    Oddjob Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2018
    Messages:
    3,749
    Likes Received:
    6,771
    Trophy Points:
    113
    Location:
    New Gulagland
    Courtesy of the "Late Show" circa 1990/91.

     
    sammysilver likes this.

Share This Page