Bank-Run Fears Continue; HSBC Restricts Large Cash Withdrawals | Zero Hedge
Remember what the international community did to Greek bank depositors? Took their money to balance Greek government accounts … that’s all!
And I mentioned to family and friends that you better not think that whatever you have in a Safe Deposit Box is truly safe. Maybe from a bank robber but not from the government. The government can and will confiscate all contents from safe deposit boxes should there be a crisis of any kind, including bank failure. Good luck trying to get anything back.
And now this from a British bank that works out of China, HSBC. Well, maybe I have that backwards because Honk Kong-Shanghai Banking Corp. is in China but I think it’s origins were British. But take a look at what happens one fine day when depositors try to make withdrawals!
Now banks want you to explain why you are withdrawing cash? They want to protect you? Sure!! Are you serious? Are you frick’in kidding me?