Jeng Bank Failures

[RubbaJohnny]

Two thai banks are in such dire straits they may jeng

After 11.8.2552 100% deposits will be guaranteed in meantime SCIB and BankThai

Run on banks statred after PMs comments on NBT channel 11

SCB seems to be strongest of locals

Check Standard and Poors and Moodys for objective analysis of opaque Thai Thai business practices

There is some coverage in Thai press but queues at banks belie the reassurancces

[LuckyFive8888]

there were in good shape before but when Samak anounced that they will be jeng, now they will be jeng as everybody is trying to get their money back.

Edited May 9, 2008 by LuckyFive8888

[bendix]

I have absolutely no idea what the OP is trying to say. Could someone translate this for me?

I suspect that I'll regret reading a financial thread started by someone called RubbaJonny, but what the hel_l . .

[Tywais]

I have absolutely no idea what the OP is trying to say. Could someone translate this for me?

I suspect that I'll regret reading a financial thread started by someone called RubbaJonny, but what the hel_l . .

Appears to be referring to the article in the Bangkok Post > http://www.bangkokpost.com/topstories/tops...s.php?id=127565

"Prime Minister Samak Sundaravej has denied saying two commercial banks were on the verge of jeng, or bankruptcy even though his TV interview led to a run on the two banks."

[Heng]

Jeng as in... jeng jung luey? ("really really cool!")

[sibeymai]

Gotta love Samak. Best thing to ever happen to Thailand since Thaksin.