Cantonas clumsy cash call highlights real issues in banking

7th December 2010, Comments 1 comment

Footballer Eric Cantona is calling on individuals to bring down the banking sector by withdrawing all their money. It may not bring down the banks, but it certainly highlights that something's wrong, an economist tells FRANCE 24.

1 Comment To This Article

  • Neal Collins posted:

    on 7th December 2010, 17:03:29 - Reply

    The impact of Cantona's cash call would have about the same effect here in the States, as if everyone from the same Municipality were to flush their toilets all at the exact same time. On the other hand, if the Chinese were to attempt to liquidate their American bond holdings, the U.S. Federal Reserve would be literally engaged in a 'Chinese Fire Drill'.