I sincerely hope you are right, but at this point I think my vacation money
is gone!

On Tue, 26 Jun 2001 22:06:58 +0200, offshoresurfer wrote:

>  
>  
>  
>  > Paritate is dead.  What is the first thing every account holder is
going to
>  > do?  pull out their money.  Even if the situation gets resolved, no one
is
>  > going to trust Paritate any more.  This is one of those things you
don't let
>  > happen.  ONce it happens, the bank is dead.  Even if someone bought the
bank
>  > at this point, they would be buying an empty box.  They would really
have to
>  > do some fast talking to keep even 10% of their accounts in the bank.
>  
>  I understand your point, but a rescue package from another buyer is often
an optimum solution for everybody. Just a couple of years ago the Riga
Commerce Bank went through similar problems but was bought out by a German
bank and now everybody is happy.
>  
>  offshoresurfer
>  
>  
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