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thetruth
Joined: 11/01/2009
Posts: 268
Message Posted:
15/04/2009 08:29 | | Join or Login to Reply | Message 1 of 9 in Discussion |
| 20 thousand euro guarantee,fact or fiction? |
spider
Joined: 03/01/2009
Posts: 5527
Message Posted:
15/04/2009 08:33 | | Join or Login to Reply | Message 2 of 9 in Discussion |
| Ah,good one,are they telling us thetruth or not.?
Spider,x |
cooper
Joined: 23/10/2007
Posts: 3386
Message Posted:
15/04/2009 08:35 | | Join or Login to Reply | Message 3 of 9 in Discussion |
| Fact, but at the end of the day guarantee's are only as good as the people who are giving the guarantee ! |
No1Doyen
Joined: 04/07/2008
Posts: 16617
Message Posted:
15/04/2009 10:29 | | Join or Login to Reply | Message 4 of 9 in Discussion |
| Cooper's right. The gurantee is only as good as the people giving it. Thats why when the deputy Prime Minister stated that we had a property Guarantee, I knew this was 100%. |
eager
Joined: 23/02/2007
Posts: 1272
Message Posted:
15/04/2009 12:20 | | Join or Login to Reply | Message 5 of 9 in Discussion |
| Best to spread money around several banks, lower the possible risk. |
cornish
Joined: 30/12/2008
Posts: 186
Message Posted:
12/05/2009 13:38 | | Join or Login to Reply | Message 6 of 9 in Discussion |
| You don't necesarily have to spread it around several banks. You can have several acccounts at the same bank and they will all be gauranteed - plus you can then obtain a higher interet rate. |
eager
Joined: 23/02/2007
Posts: 1272
Message Posted:
12/05/2009 14:01 | | Join or Login to Reply | Message 7 of 9 in Discussion |
| Yes, but if you have money in say four banks and one goes down all is not lost, however if all of your hard earned is in one bank and that goes pear shaped then your in real trouble. Never put all of your eggs in one basket !!! |
michelle3012
Joined: 07/11/2008
Posts: 578
Message Posted:
12/05/2009 14:09 | | Join or Login to Reply | Message 8 of 9 in Discussion |
| Which banks are Government backed? |
breezyboy
Joined: 14/05/2007
Posts: 1179
Message Posted:
12/05/2009 18:15 | | Join or Login to Reply | Message 9 of 9 in Discussion |
| The only proof we have is that in 2001 all guarantees were paid and very quickly indeed.
As I understand it all banks allowed to operate in TRNC are covered by the guarantee.
In my opinion the system learnt a lot from the 2001 collapse which has benefited them now.
Maybe if British banks had kept lending to at most 75% of valuation and not lent vast amounts outside the UK often with no collateral, then they would not have been on the brink of collapse and my shares in them would be worth something!! |
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