INVESTORS’ INSIGHTS “MARKET WARNING” What if your bank shut down, then gave 10% of your (and everyone’s) money to the government?...
There is no doubt that this policy action; which appears to have been carried out under EU and/or ECB, guidance could be disastrous, if remedial measures are not taken immediately. The seizure of deposits undermines the integrity of the whole banking system causing unneeded fears that can exacerbate an already sensitive situation. Those responsible - should be fired. (What the heck were they thinking?)
Consequently, investors, depositors and institutions face a new unprecedented form of risk, that if not contained,puts all forms of international dealings in jeopardy. This "Market Warning" is fully justified; everyone will need to be extra careful in the days ahead.
Dr Peter G Kinesa
March 17, 2013