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
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.
The government "It'll be over in a week". Final payments received 15 years later, only 50% of lost deposits. https://en.wikipedia.org/wiki/Pyram...Building Society, the,in excess of $2 billion.
"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.