What should you do if your bank has collapsed overnight?
#1

What should you do if your bank has collapsed overnight?

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#2

Run road
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#3

if i know svb bank will collapse
i will borrow a lot of money from them first
then collapse
i no need to pay

maybe borrow from deutsche bank
then hope it will collapse
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#4

(30-03-2023, 07:21 AM)singaporean1964 Wrote:  if i know svb bank will collapse
i will borrow a lot of money from them first
then collapse
i no need to pay

maybe borrow from deutsche bank
then hope it will collapse

there is no clause , it is forgiving its loan.
svg problem is due too prudent investing, too much in low yield bonds products.
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#5

(30-03-2023, 07:21 AM)singaporean1964 Wrote:  if i know svb bank will collapse
i will borrow a lot of money from them first
then collapse
i no need to pay

maybe borrow from deutsche bank
then hope it will collapse
Will that suggestion be possible, no need to repay the loan...................? Big Grin
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#6

Always have 2 or more savings account...banks don't collapse overnight watch the signs.

If one bank got problems immediately transfer out to t the other

I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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#7

no such probloem for me.

Me only trust my biscuit tin underneath my bed.
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#8

Money won’t grow in biscuit tin
Unsafe ..anytime kena stolen
The late sadam Hussein hid his money underground also kena found out

No weapons that forms against me shall prosper
No tongue that rises against me I shall condemn 
☝️
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#9

Loot the one next door
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