Withdraw From Anglo

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Cuppa

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I am getting nervous about my savings in Anglo. I know they are government guaranteed but if they do colapse or are taken over could it take forever to get my money? Have I any reason to be nervous?
 
Taken over is no problem. The day to day activities of the bank would not be effected.
 
I don't see the government allowing Anglo to collapse. I think just about every government is afraid of the damage caused by letting banks collapse after the Lehman experience. The last thing our government wants is headlines about bank collapses and people not able to get their money. Sounds too much like Iceland and sends out a horrible message, think of Anglo's UK customers for example. Also, such a development would shake confidence in the guarantee and we'd be back where we were in September with regard to all the other banks. That's a nightmare no one in government wants to revisit.
 
You have every reason to be nervous!
If you value your money, then what are you waiting for ?
 
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