Archive for October 4th, 2008
Run on the Banks from Britain to Ireland
Saturday, October 4th, 2008As American politicians play politics with the second great depression in 100 years, Britain is facing the beginning of a run on their banks. The British government only guarantees around $50,000 of depositors’ funds whereas the FDIC make $100,000 safe in a US bank. But the Irish government has put its name behind every deposit […]