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

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    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

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    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

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  4. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    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

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    boneyard and 66rounds like this.
  6. JulieW

    JulieW Well-Known Member Silver Stacker

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    "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

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    You'd think "pyramid" in the name would have been a tip off.
     
  8. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Courtesy of the "Late Show" circa 1990/91.

     
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