This Is What Your ATM Will Look Like During a Bank Panic *Video*
Panorama - How to Survive the Meltdown - BBC One ning.it/tLvS9a
Mac Slavo
December 12th, 2011
Thousands of Latvians lined up at bank counters and ATMs over the weekend in an attempt to withdraw their savings from Swedbank, the country’s largest banking institution.
Swedbank’s Latvian chief Maris Mancinskis on Monday called the rumors “absurd.” He said the bank is functioning normally and all depositors will have access to their funds via bank machines.
Mancinskis said some 10,000 Latvians withdrew over 10 million lats ($20 million) on Sunday.
Latvia’s 10th largest bank, Latvijas Krajbanka, is currently being liquidated after regulators uncovered fraud on a massive scale. Depositors were left without access to their money for days.
Via: Total Collapse
As rumors of imminent collapse began to build due to the bank’s reported liquidity problems in Estonia and Sweden, Latvians panicked and headed for their cash. This was the scene outside of numerous ATM’s in Latvia’s capital city, Riga:
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Comment
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Comment by Russell S.Wyllie on December 14, 2011 at 6:02pm
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There's a good chance you'll spot your local ATM being dragged off down the street by a big truck after being ripped from the wall...
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Comment by Tara on December 14, 2011 at 12:46am
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This is crazy. I have a big Swedish and Finnish ancestory. I do wish my fellow brothers and sisters well. It will soon hit the shores of the US soon. This is for certain. God help us all!!!!!
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