NOthing would make me happier than if that was true. However the reality is
that the second after they get back up and running, everyone is going to
pull their money out. Where are they going to get that money? They know
this. I have been trying to open up a new account there for the last two
months. I thought they were being even more stupid tan usual, but alas,
they were doing me a favor. If Paritate rises from the ashes, it will fall
soon after.
Not unless it can convince a lot of very nervous people that their money is
safe. If you have an idea on how to do that, let them know.
On Tue, 26 Jun 2001 15:55:38 -0400, Steven wrote:
>
> Hello,
>
> Your assumptions are a bit premature and emotionally tainted.
>
> Paritate Bank is experiencing problems right now. There is no word on
> the permanency of this issue, but the bank has personally told us that
> everything should be operational in two or three days.
>
> It seems that Paritate Bank has placed a lot of the bank equity in the
> US stock market and the value of the securities they are holding has
> dropped in worth to the point where the liquidity of the bank is now an
> issue. They are working to fix this problem by increasing the equity of
> the bank through potential investors.
>
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