I read an article on a Danish financial site about how one man brought a Dutch bank down. (I'm going to modify the translation a bit, because Google Translate doesn't speak Danish that well.) I've seen the fall of this bank mentioned on other sites, but no mention of how it was brought down. Maybe they don't want to give people any good ideas.

The Dutch DSB Bank was today declared bankrupt after a "run" on the bank. In protest against the bank's lending policy, business man Pieter Lakeman recently called upon the bank's customers to withdraw their deposits. The customers have done so to such an extent, that the bank has gone bankrupt.

DSB Bank is known for a very aggressive ...

I read an article on a Danish financial site about how one man brought a Dutch bank down. (I'm going to modify the translation a bit, because Google Translate doesn't speak Danish that well.) I've seen the fall of this bank mentioned on other sites, but no mention of how it was brought down. Maybe they don't want to give people any good ideas.

The Dutch DSB Bank was today declared bankrupt after a "run" on the bank. In protest against the bank's lending policy, business man Pieter Lakeman recently called upon the bank's customers to withdraw their deposits. The customers have done so to such an extent, that the bank has gone bankrupt.

DSB Bank is known for a very aggressive business style in which loans were linked with expensive insurance policies, a combination that often proved 'fatal' for the lenders. The Dutch Finance Minister Wouter Bos has called the insurance for idiotic, and he refuses to save the bank by a nationalization.

Maybe that's what it takes. That people just withdraw their money and take it elsewhere?

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