The Mudcat Café TM
Thread #114937 Message #2460184
Posted By: Mo the caller
08-Oct-08 - 10:20 AM
Thread Name: BS: So it has come to this - Iceland
Subject: RE: BS: So it has come to this - Iceland
I can't be very sympathetic to the UK people who have more than £50,000 in any bank. The limits of the compensation scheme were clearly set out (and weren't they lucky this happened Tusday not Monday, or it would have only been £35,00). If the UK government guarntees deposits without limit it would just encourage people to chase the best rates and the banks to take risks - and we've seen where that leads. Mind you, how long will it be before they can get at the £50,000 if they need it?