Why FSCS still advertising on Radio money is protected ?
Discussion
Ever since 2008 we have been told by Government that they will protect peoples savings in each bank acct up to 75,000 pounds but why to they still see the need to advertise the fact ?
Is it that :
a) People have taken their money from banks and are investing it elsewhere (or sticking it under the mattress !) and this is done to encourage them back ?
b) They are genuinely worried that a bank or several banks might go under and people have too much in one place and they can say 'we told you not to have it all in one place' ?
c) They are being nice and just looking out for peoples welfare ?
d) If the money is in a bank they can control everyone much more if they need to by limiting supply of cash ?
e) another reason... conspiracy theories please
It just seems a bit odd...
Is it that :
a) People have taken their money from banks and are investing it elsewhere (or sticking it under the mattress !) and this is done to encourage them back ?
b) They are genuinely worried that a bank or several banks might go under and people have too much in one place and they can say 'we told you not to have it all in one place' ?
c) They are being nice and just looking out for peoples welfare ?
d) If the money is in a bank they can control everyone much more if they need to by limiting supply of cash ?
e) another reason... conspiracy theories please
It just seems a bit odd...
Edited by TheRocket on Friday 12th February 12:27
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