Turks are closing their bank accounts and withdrawing their money from banks owned by the mainstream media bosses which blacked out mass protests against the government. Garanti Bank lost 13% of its share price. - DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate

**9mm_fan** · 06-04-2013, 07:00 AM

Turkiye Garanti Bankasi AS (GARAN.IS) Quote| Reuters.com

**S.T.D.** · 06-04-2013, 07:04 AM

Good call. Nothing makes the wealthy take notice as much as losing money.

**9mm_fan** · 06-04-2013, 07:04 AM

Share value is interesting, but unconnected. There was a generalized sell off on Turkish markets today of about 10%. The real question, is how much money has been withdrawn from these banks and how much they have left? Will there be a run on the banks that provokes a collapse? It is a possibility.

**S.T.D.** · 06-04-2013, 07:05 AM

Are you sure it's unrelated? They didn't sell shares because of so many people withdrawing their money?

**Ifroham4** · 06-04-2013, 07:05 AM

I don't think investors have access to real-time deposit information! But the stock markets sold-off by 10% in response to the crisis today. We'll know if it gets bad because there will be a bank holiday.

**softy54534** · 06-04-2013, 07:05 AM

Yes, but the might be aware of a growing movement of withdrawing. They can certainly see the danger in it.

06-04-2013, 07:00 AM	#1
9mm_fan Join Date May 2007 Age 53 Posts 5,191 Senior Member	Turks are closing their bank accounts and withdrawing their money from banks owned by the mainstream media bosses which blacked out mass protests against the government. Garanti Bank lost 13% of its share price. Turkiye Garanti Bankasi AS (GARAN.IS) Quote\| Reuters.com Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

06-04-2013, 07:04 AM	#2
S.T.D. Join Date May 2008 Age 42 Posts 5,220 Senior Member	Good call. Nothing makes the wealthy take notice as much as losing money. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

06-04-2013, 07:04 AM	#3
9mm_fan Join Date May 2007 Age 53 Posts 5,191 Senior Member	Share value is interesting, but unconnected. There was a generalized sell off on Turkish markets today of about 10%. The real question, is how much money has been withdrawn from these banks and how much they have left? Will there be a run on the banks that provokes a collapse? It is a possibility. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

06-04-2013, 07:05 AM	#4
S.T.D. Join Date May 2008 Age 42 Posts 5,220 Senior Member	Are you sure it's unrelated? They didn't sell shares because of so many people withdrawing their money? Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

06-04-2013, 07:05 AM	#5
Ifroham4 Join Date Apr 2007 Posts 5,196 Senior Member	I don't think investors have access to real-time deposit information! But the stock markets sold-off by 10% in response to the crisis today. We'll know if it gets bad because there will be a bank holiday. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

06-04-2013, 07:05 AM	#6
softy54534 Join Date Apr 2007 Posts 5,457 Senior Member	Yes, but the might be aware of a growing movement of withdrawing. They can certainly see the danger in it. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

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