How long until this happens here?

Question

"...British bank rocked by panic withdrawals..."

Anxious customers of British bank Northern Rock rushed to withdraw their savings Friday, forming lengthy queues in front of branches after the lender was bailed out by the Bank of England.

Shares in Northern Rock, which issued a profits warning on Friday, plunged 31.46 percent to 438 pence at the close, dragging the European banking sector lower as investors fretted over potential difficulties elsewhere.

The Bank of England (BoE) on Friday came to the rescue of Britain's fifth-biggest home loan provider, which said it was facing severe difficulties raising cash to cover its liabilities amid the ongoing global credit squeeze.

http://www.breitbart.com/article.php?id=070914172730.btxyggv4&show_article=1

Answer 1

It's part of the plan:
Crash the market and force the Amero.
North American Union.
Give UN full authority over the banks, government, laws.
One World Government.

Tin foil hats give me "hat hair" ,don't wear one in case anyone wondered.

Answer 2

The credit/home mortgage squeeze is mostly just a return to issuing credit and home loans to people that should have been able to get one instead of finding loopholes and giving them to people that wee not eligible or were not eligible for the amounts they were getting. It is being "corrected" now by some of the larger lenders, probably with government pressure, and hopefully will not get to this point here. If it does it will not be a long time off-months to minimum couple years.
I do feel sympathy for the people in over there heads and losing the homes they purchased but for the most part it was caused by an overly optimistic view of where they would be financial in a shirt period of time and wanting to buy and live better then they could afford financially; yes some mortgage companies pushed the interest only and ARM's but this was to allow people to purchase more home then they could afford and the bottom line is that the borrower is responsible for looking at it and making a decision to say yes or no and the mortgage company is in the business to loan money to a customer.

Answer 3

Well cookie-dude --
We have ALREADY seen a Fed attempt to shore up the housing markets on at least two levels within these last couple of weeks !! One at the stock market level -- the other by way of measures allowable under individual bank's draw from the Fed on certain individual accounts that meet certain "guidelines" !!
So, in short, we already are seeing the "bailout" thing --- just not outright individual bank bailouts of their total assets that have gone to jeopardy from being TOO leaned into the housing markets --- but --- that could come at any time !!!

Let the Bush administration lay the blame for THIS ONE on Clinton and the Democrats !! This one has come to us -- and through us to a lot of other places in the world -- through a totally unmanaged fiscal policy of jacking debt through the roof in an all out attempt to BUY our way to some appearance of fiscal success !! You can not stack debt to the ceiling on a country and cut the wealthiest citizens free of their responsibilities at the same time --- for you megaload this unbearable debt onto the backs of an already overburdened middle class who will break in half on you and leave you with no one at all to cover the loan !!!!

I have stated numerous times -- and I will do so again and yet again --- this administration will eventually go down in history as the most disastrous of all times and the fallout and reprocussions OF it will be long lived into a very unstable future !!!!

Answer 4

Where is here? It won't happen in the US. We have FDIC, so there is no point in making panic withdrawals.

Answer 5

Not long, I'd wager; with all the crooked corporate politicians we have...

Answer 6

That's happened here already!