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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