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Saturday, 28 March 2009

Dear Dumfermline Building Society Savers,



Certainly the spokeman has done a good job not to create a panic situation.

Although it's hard for the savers to remain calm when they hear about this.

Imagine your bank is up for sale, and you don't know who is buying it, or whether it can cover it's debt.

I presume not many buyers can afford a multi million sale.

And the government cannot bail it out.

It was hoped the Dunfermline could continue with a government bailout of between £60m to £100m.

However, the regulators have decided it is no longer viable, with a £26m loss expected to be announced next week.

I can't think of anything else.

When Northern Rock went into trouble, so many people just want to withdraw from it.

The same with Dumfermline Building Society?

Pretty much so, as human nature asks us to protect ourselves.

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