Monday 18 March 2013

Cyprus Bank Run

So now, bank run in Cyprus? It isn't surprising as if they don't withdraw their money, Cypriots will end up getting taxed for even doing the right thing not many are doing right now.... SAVING.

Will this happen to Malaysia? Can our banks sustain a potential bank run? I have high regard for our Bank Negara nevertheless. Still, as age old advice goes....diversify diversify diversify your assets.

Never assume things won't happen, as panic spreads fast, like fire. Perhaps even faster nowadays.

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