Friday, May 25, 2012

Police Urging Greeks To Stop Stuffing Mattresses


Police are urging Greeks to keep their money in bank accounts.  The withdrawals from Greek banks, which is close to 25% of all deposits, have occurred over the past two years

Greece's national police spokesman, Thanassis Kokkalakis, told Reuters: "Many people have withdrawn their money from the banks fearing a financial crash, and they either carry it on them, find a hideout at home or in storage rooms. We urge people to trust the banking system, leave their money there, or at least in a safe place, not hide it at home."

Uhm, does anyone remember Ben Bernanke when he told us in 2008 that the Fed has the "Sub-prime Mortgage" debacle well under control?  Trust the central banks?  I don't think so!  When in fact, these central bankers are the "root" cause of the world's financial problems. 

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