On first glance this sounds like a good thing

[Uncle Mort]

From 'It's a Wonderful Life.

George Bailey is trying to stop a run on the Building and Loan:

No, but you . . . you . . . you're thinking of this place all
wrong. As if I had the money back in a safe. The money's not
here. Your money's in Joe's
house . . .
(to one of the men)
. . . right next to yours. And in the Kennedy house, and Mrs.
Macklin's house, and a hundred others. Why, you're lending them
the money to build, and then, they're
going to pay it back to you as best they can. Now what are you
going to do? Foreclose on them?

[Snoopy]

It would be interesting wouldn't it...

Imagine if all the old people in 'homes' that are forced to pay for their care because they have more than 6d in savings were to lose the lot in a banking collapse... 

HMG would have to pick up the cost of their care...

But where exactly would their savings have gone...?

Some bastard must have them somewhere... 

A point I made some days ago ~ Somebody has all this money .... it hasn't just vanished. Find it, take it back and the problem is solved. Of course that assumes it ever existed in the first place.

Soooo... if everybody took their money out (not from the bank of squeaky floorboard obviously), the BoE would have to print more money...?

Printing money = hyper inflation...

A bit like Zimbabwe then... 

Exactly! Which is why the government are rushing to prop them up. Because if confidence is lost and everyone withdraws their money there won't be enough. Leading to widespread panic and civil unrest.

  And a change of Government (He said hopefully)

[Bar Wench]

It would be interesting wouldn't it...

Imagine if all the old people in 'homes' that are forced to pay for their care because they have more than 6d in savings were to lose the lot in a banking collapse... 

HMG would have to pick up the cost of their care...

But where exactly would their savings have gone...?

Some bastard must have them somewhere... 

A point I made some days ago ~ Somebody has all this money .... it hasn't just vanished. Find it, take it back and the problem is solved. Of course that assumes it ever existed in the first place.

Soooo... if everybody took their money out (not from the bank of squeaky floorboard obviously), the BoE would have to print more money...?

Printing money = hyper inflation...

A bit like Zimbabwe then... 

Exactly! Which is why the government are rushing to prop them up. Because if confidence is lost and everyone withdraws their money there won't be enough. Leading to widespread panic and civil unrest.

  And a change of Government (He said hopefully)

To be quite frank I don't think any of the main parties would do anything different. They are all cut from the same cloth with their noses in the same trough. 

[Snoopy]

It would be interesting wouldn't it...

Imagine if all the old people in 'homes' that are forced to pay for their care because they have more than 6d in savings were to lose the lot in a banking collapse... 

HMG would have to pick up the cost of their care...

But where exactly would their savings have gone...?

Some bastard must have them somewhere... 

A point I made some days ago ~ Somebody has all this money .... it hasn't just vanished. Find it, take it back and the problem is solved. Of course that assumes it ever existed in the first place.

Soooo... if everybody took their money out (not from the bank of squeaky floorboard obviously), the BoE would have to print more money...?

Printing money = hyper inflation...

A bit like Zimbabwe then... 

Exactly! Which is why the government are rushing to prop them up. Because if confidence is lost and everyone withdraws their money there won't be enough. Leading to widespread panic and civil unrest.

  And a change of Government (He said hopefully)

To be quite frank I don't think any of the main parties would do anything different. They are all cut from the same cloth with their noses in the same trough. 

Very true but a change is as good as a rest.
Change the President in the US and the Government here and the two big stock markets would instantly pick up IMHO

[Bar Wench]

That's true. At least it would signal that they can't continue to ride roughshod!

[Pastis]

Meanwhile I've been trying to do some online banking since 9am...

"Service unavailable ~ we are temporarily busy"

 

[Bar Wench]

I wonder why? 

[Barman]

From 'It's a Wonderful Life.

George Bailey is trying to stop a run on the Building and Loan:

No, but you . . . you . . . you're thinking of this place all
wrong. As if I had the money back in a safe. The money's not
here. Your money's in Joe's
house . . .
(to one of the men)
. . . right next to yours. And in the Kennedy house, and Mrs.
Macklin's house, and a hundred others. Why, you're lending them
the money to build, and then, they're
going to pay it back to you as best they can. Now what are you
going to do? Foreclose on them?

Excellent! 

[Pastis]

I imagine they're shifting a load of noughts around 

 

[Darwins Selection]

There is more "money" in the economy than actually exists.

Just like the number of people in the population

[Uncle Mort]

Meanwhile I've been trying to do some online banking since 9am...

"Service unavailable ~ we are temporarily busy"

 

Have had similar problems accessing the NatWest Bankline.

[Snoopy]

Not really a surprise is it. They'll all be praying for closing time .... I suspect it is a case of "If we can just get through to Friday"

[Pastis]

Meanwhile I've been trying to do some online banking since 9am...

"Service unavailable ~ we are temporarily busy"

 

Have had similar problems accessing the NatWest Bankline.

5 hours later, success at last. Online banking, the faster and more convenient alternative 

[Nick]

I got a call from mine earlier.

"Can you confirm your password?"

"Yes, tell it to me and I will confirm it."

"We can't do that."

"So don't ask me to confirm it then!" 

[Uncle Mort]

Are you Mr Dance and can I claim £5?