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Banks are special and can't behave in any old way, yes. Which is why we have bankning regulation. Like Jerome said, if the Brit and Dutch authorities didn't think ICEsave was sound, they should never have let them operate in their respective countries. But they did. The fault is theirs, or if the savers indeed knew that they weren't covered and they felt the risk was worth it, it's their own fault. Jerome put it very succintly in his first comment in the thread.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Tue Aug 18th, 2009 at 08:04:00 AM EST
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