Italy's Paschi Admits To Billions Deposit Outflows

[popcorn]

Who's Next? Italy's Monte Paschi Admits To Billions In Deposit Outflows

It appears, given news from Italy today, that European depositors are increasingly coming to the realization that deposits in their local bank are not 'safe' places to put their spare cash, but are in fact loans to extremely leveraged businesses. In a somewhat wishy-washy, 'hide-the-truth'-like statement on Monte dei Paschi's website, the CEO admits to, "the withdrawal of several billion in deposits."

read more:
www.zerohedge.com/news/2013-03-30/whos-next-italys-monte-paschi-admits-billions-deposit-outflows

[baydoll]

Good Morning, Popcorn!

We're probably going to see this ourselves pretty soon. Not that they can take any money from me being as I'm always broke anyway.

Off topic...my computer finally kicked the bucket last week and I had to get new one! And then that computer froze up on me so I had to replace that one... I am having the weirdest time with computers lately! That's why I haven't been posting. It's been very frustrating.

[popcorn]

Good Morning, Baydoll!

I think POH was think of getting a new computer laptop too.
That's one thing I would probably buy an extended warranty for.