Today in Latvia there is a bank run

Posted on December 12, 2011 by maxkeiser| 15 Comments

Max,

I enjoy watching your show each week. Thanks for all the work you and Stacy do.

I was in Latvia a couple weeks ago when Krajbanka collapsed. Today in Latvia there is a run on all the Swedish banks there. The problems started over rumors of bank insolvency that developed over the weekend.

I hope you can find something interesting in all of this to share with the people. Keep up the great work!

Regards,

Doug

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15 Responses to Today in Latvia there is a bank run

  1. Yeah! | December 12, 2011 at 3:28 pm |

    Meanwhile, everyone in Lithuania didn’t get the tweet’s twit (or vice versa), so no one even cared, despite the state takeover of Snoras (owned krajbank) a couple of weeks ago.

    You figure they’d know first there, anyways. The Snoras thing leaked a few days early there.

  3. Harry | December 12, 2011 at 1:24 pm |

    @Bruce: “Gotta love the bank run; bringing people together.”

    Yes, while in the queue you show ‘em a Silver Keiser and explain about the shenanigans going on since whatever.
    I mean, the crooked banksters and stuff. Fed, ECB, GS, etc, etc.

  4. Daniel S | December 12, 2011 at 1:02 pm |

    This is what Canadians and others all over the world are waiting for.
    To be an hour too late for a line up just like these ones.

  5. Bruce | December 12, 2011 at 10:44 am |

    Yossarian,
    Dramatised Hollywood fighting and bad Hollywood fighting sound effects follow a bank run in your neck of the woods?

  6. Bruce | December 12, 2011 at 10:21 am |

    The American Dream Film Part 1 (excerpt)
    “Gotta love the bank run; bringing people together.”
    http://www.youtube.com/watch?feature=player_detailpage&v=ExBE651_vOY#t=670s

  7. Harry | December 12, 2011 at 9:30 am |

    The lines are not as long as the ones I saw for Northernrock. How come?

  8. Al Kyder | December 12, 2011 at 9:18 am |

    Amazing what an internet rumour can do.

    Lets try it again :) :) :)

  9. Yossarian | December 12, 2011 at 8:52 am |

    You sure that’s a bank run? In New Zealand that’s how the bank looks on dole day.

    Usually followed by this;

    http://www.youtube.com/watch?v=7rJkU_KupA4&feature=related

  10. jischinger | December 12, 2011 at 8:25 am |

    http://www.youtube.com/watch?v=-bfYRv0nsBo
    Bank Run in Latvia as we speak. Nov 24, 2011

    so it took a little more than a fortnight – actually 14 business days

  11. jischinger | December 12, 2011 at 8:12 am |

    Video translation

    Jelgava is excited about the internet rumors passed on “Swedbank”, and on Sunday evening were observed in lines at the ATMs of all banks where you can withdraw money.

    We offer a brief video overview of Jelgava.

  12. jischinger | December 12, 2011 at 8:08 am |

    don’t look now, but there’s something funny going on over at the banks George…
    http://www.youtube.com/watch?v=qu2uJWSZkck

  13. Luigi | December 12, 2011 at 8:06 am |

    Nice happenstance these twitter – rumours getting wild there since friday. Svedish bankin crisis, anyone? Just to let the euromembers know what happens if you want to play with your own chips..

  15. centrifugen | December 12, 2011 at 7:49 am |

    Swedbank will collapse… but not yet. It was closer to collapse in the beginning of 2009 than it is now. With that said things can change within a couple of days so people should indeed be wary and be on their guard…