PM Prayut issues reassurance that nation's banks are stable

[stevenl]

8 hours ago, HappyinNE said:

The first step in banking failure is when authorities say everything is OK.

He can hardly say it isn't ok, can he? A question about this asked is lose-lose.

[the guest]

Honestly, would you expect him to say anything else? 

[Bundooman]

9 hours ago, Jonmarleesco said:

Rose from where, exactly?

rose tinted glasses?

[connda]

They'll be fine until the next debt crisis and then all that sub-prime consumer debt handed out to any Thai with a pulse will come home to roost, and then the banks end up on the government doorstep with their hands out, followed by bonuses for banking execs.  

[connda]

On 9/29/2017 at 12:57 PM, Baerboxer said:

 

That plan has bee around some time and has been put back for the original time scale.

 

But they haven't introduced the law that the government can automatically seize depositors savings should a bank need bailing out as the UK and other EU member states have. 

 

And the comments on the five Thai banks were similar to those issued before on US and European banks.

 

The whole industry relies on too big too fail, close links to government, and an avoidance of real criminal liability apart from a few cases.

Best to diversify and keep less than 1 M THB in any individual bank.  

[funandsuninbangkok]

Well somebody loaned zillions to build a bunch of condos nobody wants. Musical chairs now. 

[Cadbury]

On ‎29‎/‎09‎/‎2017 at 6:37 AM, Get Real said:

When assurance is needed, there is always a reason to worry.

Especially when it is Prayut Chan-o-cha doing the re-assuring.