If the market crashes again, who will be holding the bag?

From the Archives: On Oct. 3, 2008, Daniel Herzberg, a British expatriate in Spain, called his bank, the Icelandic Landsbanki, to ask if his money was safe. He had read reports about financial difficulties, but got an encouraging reply and told his wife “everything will be fine.” Four days later, his account was frozen and the bank was nationalized. Herzberg’s fate, reported in the Wall Street Journal at the time, was not unusual. When the […]

source https://therealdeal.com/issues_articles/who-will-be-holding-the-bag/#new_tab