Thursday, 23 December 2010

Dutch courage?

Netherlands Plans to Make Call for Bank Run a Criminal Offense

The Dutch government plans to make calls for bank runs a criminal offense to help protect the banking system’s stability, more than a year after an outflow of deposits sparked the bankruptcy of lender DSB Bank NV.

“A lender can only function if deposit holders and creditors have faith in its solidity,” Minister of Justice Ivo Opstelten said in a letter to parliament. “Persons who intentionally make public statements on a lender’s solidity and call for a bank run put this lender in a real danger of bankruptcy."

The truth needs no laws to support it...

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