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ChipButty

What would happen if a Bank goes down?

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I can help thinking like lots of guys on here all have money in some Thai banks

In the current situation when lots of us Farangs have at least 800k in a bank and the possibility of the bank going bust

Would the government bail them out? the effect on our visa's I guess would be a nightmare for a lot of people

Do we have any sort of guarantee or are we only covered for so much? 

Am I thinking too mut?

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Just now, Pravda said:

 

Well you certainly painted quite a rosy picture.

 

 

No, the picture is not rosy, it just looks that way when you compare the facts against what some posters imagine!

 

Make no mistake the banks will get stressed, that's what Capital Adequacy Ratio's and stress testing are for and that's the real test of a Central Bank to manage such things.

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1 minute ago, donnacha said:


As you were one of the most strident voices saying EXACTLY the same thing about Coronavirus, sneering at anyone who suggested it was shaping up to be a problem, I am entirely confident that anything you now have to say about the economic consequences is definitely going to be wrong.

You can't keep placing the wrong bets, while insulting the people who keep getting it right, without eventually undermining your own credibility. Seriously, @saengd, have you no shame?

 

"As you were one of the most strident voices saying EXACTLY the same thing about Coronavirus, sneering at anyone who suggested it was shaping up to be a problem".

 

Only in your overly vivid imagination is that true, unless of course you can support anything you claim with a hint of fact and supporting evidence......no, I thought not!

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Just now, saengd said:

No, the picture is not rosy, it just looks that way when you compare the facts against what some posters imagine!

 

Make no mistake the banks will get stressed, that's what Capital Adequacy Ratio's and stress testing are for and that's the real test of a Central Bank to manage such things.

 

Facts are I'm in a third world country and am yet to hear something that is lot a lie. 

 

Even in good times when there were rallies back in 2014 against Taksin there was a talk about certain bank going down. My ex wife pulled 3 million and so did many other customers. 

 

 

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1 minute ago, BritManToo said:

I wish I had a caravan back home!


Me too! Right now it would be handier than my Bitcoins 😄

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