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Message Subject
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Now New Zealand is planning a Cyprus style bank deposit confiscation!
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Poster Handle
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anonymouse |
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Post Content
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I'm not sure I get this?
Our banks are very sound unlike overseas. There is no question of them failing, they're making a fortune!
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Quoting: Anonymous Coward 945308 We are incredibly indebted as a nation to the BANKS especially as a percentage of income. Our houses are amongst the most overpriced in the world as a percentage of income, A housing crash would bankrupt our banks. Our dollar is also way overvalued and the banks have finaced the large increase in debt on our houses with offshore loans. Housing crash and dollar crash are a perfect storm for Bank failure.
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