Wednesday, October 8, 2008

Dark Prediction Comes True

I had carried out this exercise with my tongue firmly in cheek. But the predictions seem to be coming true.

Particularly "Analysts have expressed concern that if European nations set up varying bank deposit guarantees, people may chose to move their savings to those nations with the greatest protection, possibly sparking a flight of funds to them and thereby causing problems for the banks losing deposits" as reported here.

I can only hope the worse fears do not come true. This would then be worse than Mother-In-Law-Going-Over-Hill-With-Your-Brandnew-Mercedes kind of mixed feeling.

Note: The photograph used here belongs to Tracey Brown. Please see here for more such photographs.

Stumble Upon Toolbar

No comments:

My Library