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SPUGGIE J · 28-01-2009, 18:27

Without a boost to their coffers from the govenment there is a chance they will go to the wall the same as any business. Unfortunately if a bank goes bust then it will drag down more than just its self. As Mr B says without lending everything goes belly up so the banks need a pot of real money to get back to business. It will take time as its like "once bitten twice shy" so to speak. As they were running on "phantom" money it was to me no different than a pyramid scheme the way they ran their business.

28-01-2009, 18:27	#6
SPUGGIE J God Member Join Date: Aug 2005 Location: Not sure anymore Posts: 9,009 Blog Entries: 10 Liked: 1 times Rep Power: 513	Re: Bailing Out Banks Without a boost to their coffers from the govenment there is a chance they will go to the wall the same as any business. Unfortunately if a bank goes bust then it will drag down more than just its self. As Mr B says without lending everything goes belly up so the banks need a pot of real money to get back to business. It will take time as its like "once bitten twice shy" so to speak. As they were running on "phantom" money it was to me no different than a pyramid scheme the way they ran their business. __________________ All comments above are nothing to do with here and therefore not the resposibility of the Accrington Web site owners admins or mods. THEY ARE MINE!!!!