From:  whitely525@yahoo.co.uk
Newsgroups: uk.finance
Subject: Re: which banks are safest
Date: Sat, 15 Sep 2007 12:01:58 -0700
   posting-account=ps2QrAMAAAA6_jCuRt2JEIpn5Otqf_w0
Bytes: 1781

On 15 Sep, 18:43, JakeD  wrote:
> On Sat, 15 Sep 2007 07:56:35 -0700, Grouchy.Old...@googlemail.com
> wrote:
>
> >Spread your money around so that if one institution collapses
> >you don't lose the lot.
>
> But what if cash itself collapses - and sinks to the level of
> worthlessness:

That is the basis of the 'guarantee', underwritten by the BoE which
can (ultimately) print enough money to make sure we all get our
savings back.

Also maybe one reason why property is so popular.. and actually being
in debt might not be such a bad thing