Keep an Eye on ING!

[Mega]

Internet savings bank, BIG in Euro-land.............just got a bale from Dutch. Their website has gone down
http://www.bloomberg.com/apps/news?p...MhQ&refer=home


Mike

[D-Mack]

Re: Keep an Eye on ING!

and Alonso only 4th in China

[goadam1]

Re: Keep an Eye on ING!

the website is down?

[Mega]

Re: Keep an Eye on ING!

People can't log on for trans-actions.
Mike

[tjsammon]

Re: Keep an Eye on ING!

People can't log on for trans-actions.
Mike

Works OK here in Canada though we haven't had any banking problems at all here yet......

[GRG55]

Re: Keep an Eye on ING!

Works OK here in Canada though we haven't had any banking problems at all here yet......

What about that little ABCP thing?? ;)

[tjsammon]

Re: Keep an Eye on ING!

What about that little ABCP thing?? ;)

I don't think that was widespread enough to concern the average man on the street - not very nice for those who were caught up in it but hardly in the same league as Northern Rock, WaMu etc.

There is a good lesson in it though - don't buy something you don't understand and keep the salt shaker handy when seeking "advice" from a financial advisor.

[GRG55]

Re: Keep an Eye on ING!

I don't think that was widespread enough to concern the average man on the street - not very nice for those who were caught up in it but hardly in the same league as Northern Rock, WaMu etc.

There is a good lesson in it though - don't buy something you don't understand and keep the salt shaker handy when seeking "advice" from a financial advisor.

You'd be surprised how many of their clients brokers like Canaccord put into ABCP. For the "average man on the street" who simply had a savings or chequing account both Northern Rock and WaMu never posed any danger of loss [the respective governments agreed to cover all deposits]. Not so with ABCP in Canada. And given what's going on right now, the risk of loss remains.