[WillowTheWhisp]

Originally Posted by jambutty

I agree that the banking situation isn’t just a UK problem but what happens in Iceland, the Far East etc doesn’t directly affect the UK citizens unless any of them have an account in those foreign banks. Although foreign banks have shareholders and fat cat bosses too.

But it does, and not only the people with the foreign bank accounts. Banks trade with each other and that is how the whole thing snowballs. Economics is a very funny subject. How do you think banks make the money they pay us in interest on our deposit and savings accounts?