On 13-10-2009 17:43, Darren New wrote:
> andrel wrote:
>> Finally last week someone, who was trying to negotiate compensation 
>> for the victims in vain, basically asked for a bank run on tv.
> 
> There ya go. Not only can you walk away, if you get enough people doing 
> it, you can eliminate the entire problem bank. :-)
> 
>> I am not sure if it helps their victims and some people find it rather 
>> irresponsible to deliberately collapse a bank. 
> 
> It's really not that unusual. Odd for a *bank*, given that banks print 
> their own money, 

That is national banks, not regular.

> but lots of companies will go belly-up when their 
> customers hear of nastiness perpetrated by the owners. Especially now in 
> the days of internet.

Internet was not involved, apart from making it easy to transfer large 
sums out of the bank rapidly.

I had not heard before of a bank, or other company for that matter, that 
was liquidated by a group of costumers because the CEO/owner had caused 
trouble for customers, was considered to be a hard learner, and could 
not be replaced in any other way.

>> customers can collapse your bank and you are going to be held 
>> responsible.
> 
> Exactly.

There is this small problem of even more people gotten into trouble by 
this bankruptcy than were there in the first place. That includes a 
group of people for whom a solution was in the making. Now they are 
again in a big mess. But you have to subtract all those that won't be in 
trouble because this banker will probably never work again. 
Investigations are starting now, so in a few years time we may have an 
idea of what actually happened.

Post a reply to this message