From: "tim....." 
Newsgroups: uk.finance
Subject: Re: Bank goes bust?
Date: Fri, 14 Sep 2007 15:38:38 +0100
Cancel-Lock: sha1:lC3jAYH7OoaQO+p/lpmcgwzNxlg=
Bytes: 1817


 wrote in message 
news:1189780266.755759.125850@19g2000hsx.googlegroups.com...
On 13 Sep, 23:41, Jonathan Bryce 
wrote:
> cqmman wrote:
> > What happens to savings if your bank goes bust? If you have £10k are
> > you likely to see any of it back?
>
> Most of it, under the FSCS scheme.
>
> > What if you have £50k?
>
> Some of it.
>
> You get 100% of the first £2,000, and 90% of the next £33,000.


Well there is a 'promise' you will get this.  But where is the hard
cash to back up that promise..?

It is so 'unthinkable' it is likely the people who make that promise
probably do so in the belief they will never be called on to honour
it.

------------------------------------------

Banks have been allowed to go bust before.

I presume that the promise was honoured then.

tim