Zorro
09-30-2008, 07:05 AM
http://www.chron.com/disp/story.mpl/business/6031385.html
Ireland guarantees all bank deposits
DUBLIN, Ireland — Ireland issued a sweeping guarantee today to all deposits in the country's banks in a bid to stop an unprecedented stock-market run against the Irish financial sector.
Finance Minister Brian Lenihan said all deposits in Ireland's six locally registered banks would be guaranteed by the taxpayer in the event that any failed. rest of story at link above
Over the last week we have been moving my mother's money to several different banks to avoid any loss due to failure. Apparently we're not the only ones. The guy at the bank said he'd been getting $99,000 deposits all day and processing withdrawals at the same rate.
Ireland guarantees all bank deposits
DUBLIN, Ireland — Ireland issued a sweeping guarantee today to all deposits in the country's banks in a bid to stop an unprecedented stock-market run against the Irish financial sector.
Finance Minister Brian Lenihan said all deposits in Ireland's six locally registered banks would be guaranteed by the taxpayer in the event that any failed. rest of story at link above
Over the last week we have been moving my mother's money to several different banks to avoid any loss due to failure. Apparently we're not the only ones. The guy at the bank said he'd been getting $99,000 deposits all day and processing withdrawals at the same rate.