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no bank is safe.
some countries gurantee a certain amout deposited. Ie, I think the UK protects the first £50k and the USA has such a system.
But no bank is safe.
1.Its not yey clear if all the bad depts have been uncovered.
2. banks insure each other. by this bank a will pay bank b x amount in case it makes a loss. if bank a makes a loss it takes money from bank b. however if a large bank fails, as it fails it will take the money from bank b, who in turn will take money from bank c. all banks fall like cards.
my mate works for a uk bank beginning with L, and the talk is that it is about to fail. shares have droped. key personell have gone off sick.
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