Crowd sourced Bank run Dec 7th

RenewableCandy · Post by **RenewableCandy** » 22 Nov 2010, 14:40

That nice Mr Kunstler says repos "4closures") in the USA are grinding to a halt because the paper-trails of who owns what asset/debt have been so badly set-up and maintained.

The implications for any future property market are...interesting.

Post by **adam2** » 22 Nov 2010, 14:53

JohnB wrote:
biffvernon wrote:Hmmm...better take the money out on the 6th.
Haven't we decided that we don't need to take it out of the Co-op? My nearest branch is 35 miles away!

The co -op might run out of money (hopefully only short term, not permanently bust)
Remember that most cash withdrawals are via cashpoint machines, and that customers of other banks can use co-op machines, and vice versa.

PS_RalphW · Post by **PS_RalphW** » 22 Nov 2010, 15:03

If other banks became insolvent, the Coop would very quickly (within minutes) stop accepting their bank cards in the Coop's cash machines.

Mean Mr Mustard · Post by **Mean Mr Mustard** » 22 Nov 2010, 16:07

Calling Alex Scarrow.... You still there?

I already got me a Co-op debit card, along with a Co-op ATM in the village, and food and fuel stocks. I might even switch on the TV to watch this one.

RenewableCandy · Post by **RenewableCandy** » 22 Nov 2010, 16:29

Co-Op ATM and shoppe within walking distance...check! Staff in shoppe who recognise us (in case we ever have to get our milk on tick)...check.

JohnB · Post by **JohnB** » 22 Nov 2010, 17:33

I tried to pay some cash into my Co-op account at the Post Office today. I've had the account for about 13 years, and never knew you couldn't do it! So if the Co-op runs out of money, some of it's in my wallet!

Apparently you will be able to bank cash from January, if we still have a banking system!

caspian · Post by **caspian** » 22 Nov 2010, 17:34

Mean Mr Mustard wrote:I might even switch on the TV to watch this one.

I guarantee this will be a flop.

JohnB · Post by **JohnB** » 22 Nov 2010, 17:40

caspian wrote:I guarantee this will be a flop.

It might prove very popular in Ireland!

frank_begbie · Post by **frank_begbie** » 22 Nov 2010, 17:45

For all the interest you get you may as well have it under the bed.

Just leave enough in to pay your bills.

That's what I'll be doing.

JohnB · Post by **JohnB** » 22 Nov 2010, 17:48

frank_begbie wrote:For all the interest you get you may as well have it under the bed.

My bed has four wheels and an engine. I don't fancy leaving too much under it!

Mean Mr Mustard · Post by **Mean Mr Mustard** » 22 Nov 2010, 18:00

JohnB wrote:I tried to pay some cash into my Co-op account at the Post Office today. I've had the account for about 13 years, and never knew you couldn't do it! So if the Co-op runs out of money, some of it's in my wallet!

Apparently you will be able to bank cash from January, if we still have a banking system!

You're being given duff info there John - I've paid into my a/c via the Post Office. A fairly unusual occurrence, mind.

JohnB · Post by **JohnB** » 22 Nov 2010, 18:25

Mean Mr Mustard wrote:You're being given duff info there John - I've paid into my a/c via the Post Office. A fairly unusual occurrence, mind.

The computer rejected it, several times.

Mean Mr Mustard · Post by **Mean Mr Mustard** » 22 Nov 2010, 18:32

JohnB wrote:
Mean Mr Mustard wrote:You're being given duff info there John - I've paid into my a/c via the Post Office. A fairly unusual occurrence, mind.
The computer rejected it, several times.

Computer says no? No solution to that, eh.

Lord Beria3 · Post by **Lord Beria3** » 22 Nov 2010, 19:47

Just buy gold - you know you want to

JohnB · Post by **JohnB** » 22 Nov 2010, 19:58

Lord Beria3 wrote:Just buy gold - you know you want to

An obsession with gold can make you end up wearing silly clothes, and turning into a rather unpleasant person!