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1 FaverViewed: 4 TimesQuoted: AMERICANS like to think of themselves as martyrs to work. They delight in telling stories about their punishing hours, snatched holidays and ever-intrusive BlackBerrys. But when it comes to the young the situation is reversed.
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Interesting offer from HK - it will back all of its banks' deposits, prompting reasonable questions about what happens if the world's richest people put their money into an HK bank that collapses.
My friends called me a few weeks back and told me about the run on the bank that occurred. Turns out it happened due to rumors that circulated via text messages. The HK "FDIC" insures deposits there up to $100,000HKD, or about $13000.
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