Welcome to the Australian Ford Forums forum.

You are currently viewing our boards as a guest which gives you limited access to view most discussions and inserts advertising. By joining our free community you will have access to post topics, communicate privately with other members, respond to polls, upload content and access many other special features without post based advertising banners. Registration is simple and absolutely free so please, join our community today!

If you have any problems with the registration process or your account login, please contact us.

Please Note: All new registrations go through a manual approval queue to keep spammers out. This is checked twice each day so there will be a delay before your registration is activated.

Go Back   Australian Ford Forums > General Topics > Non Ford Related Community Forums > The Bar

The Bar For non Automotive Related Chat

Reply
 
Thread Tools Display Modes
Old 02-07-2022, 04:53 PM   #1
zilo
BANNED
 
zilo's Avatar
 
Join Date: Jul 2012
Posts: 2,753
Default Chinese banks starting to fail

A few banks have started to go belly up in China.

Interesting how they stop people from swamping the branches with demands of cash.

They just turn their health records RED , which means you must stay at home and isolate.

Now that's a fantastic bit of digital government control....

__________________
Unconsciously incompetent.
zilo is offline   Reply With Quote Multi-Quote with this Post
This user likes this post:
Old 02-07-2022, 06:53 PM   #2
T3rminator
FF.Com.Au Hardcore
 
T3rminator's Avatar
 
Join Date: Jul 2005
Location: Melbourne
Posts: 5,610
Default Re: Chinese banks starting to fail

Fail or criminal activity? Master mind allowed his friends to withdraw, and now fled to the US. Death sentence awaits him if he comes back.
__________________
~~~~~~~~~~~~~~


Rides (past and present)
Current: 2004 Ford Falcon 5.4L 3v Barra 220, Manual
Past: Mitsubishi Sigma (m), Toyota Seca (m), Toyota Seca SX (m), Toyota Vienta V6 (m), Toyota Soarer 4L v8 (a), BA XR8 ute (m), T3 TE50 (m), BMW Z4 (m)

AFF motto - If contrary views trigger, please use ignore button.
T3rminator is offline   Reply With Quote Multi-Quote with this Post
Old 03-07-2022, 02:22 AM   #3
marty351
Shenanigans..............
 
marty351's Avatar
 
Join Date: Mar 2007
Location: Footscrazy
Posts: 10,295
Default Re: Chinese banks starting to fail

Surely it's not Hunter Biden?
marty351 is offline   Reply With Quote Multi-Quote with this Post
2 users like this post:
Old 21-07-2022, 09:31 PM   #4
zilo
BANNED
 
zilo's Avatar
 
Join Date: Jul 2012
Posts: 2,753
Default Re: Chinese banks starting to fail

Looks like the chinese banks are being protected from a run again.
Customers have been told that they are actually holders of investment products and can not withdraw their funds.

Hey..that's what they call BAIL IN legislation here.

We used to have bank bail outs by Govt but now have bail in by way of depositors funds.
The legislation says that depositors can be compensated by "any other financial instrument" if a bank fails.

That means when your bank starts to go belly up they might offer you shares in the bank instead of your money...this happens before the Govt $250k guarantee gets invoked.

Cool..shares in a failing bank...

Here is a commentary on what has happened in China.

__________________
Unconsciously incompetent.
zilo is offline   Reply With Quote Multi-Quote with this Post
4 users like this post:
Old 21-07-2022, 10:00 PM   #5
Cav
FGE1094NAFROGUTE
Donating Member2
 
Cav's Avatar
 
Join Date: May 2005
Location: Yap-Hoon
Posts: 18,626
Default Re: Chinese banks starting to fail

They got the idea from Canada
Cav is offline   Reply With Quote Multi-Quote with this Post
This user likes this post:
Old 28-07-2022, 04:09 PM   #6
T3rminator
FF.Com.Au Hardcore
 
T3rminator's Avatar
 
Join Date: Jul 2005
Location: Melbourne
Posts: 5,610
Default Re: Chinese banks starting to fail

https://www.news.com.au/finance/econ...30a2439a093cdf
__________________
~~~~~~~~~~~~~~


Rides (past and present)
Current: 2004 Ford Falcon 5.4L 3v Barra 220, Manual
Past: Mitsubishi Sigma (m), Toyota Seca (m), Toyota Seca SX (m), Toyota Vienta V6 (m), Toyota Soarer 4L v8 (a), BA XR8 ute (m), T3 TE50 (m), BMW Z4 (m)

AFF motto - If contrary views trigger, please use ignore button.
T3rminator is offline   Reply With Quote Multi-Quote with this Post
This user likes this post:
Reply

Thread Tools
Display Modes

Forum Jump


All times are GMT +11. The time now is 03:46 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
Other than what is legally copyrighted by the respective owners, this site is copyright www.fordforums.com.au
Positive SSL