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August 27, 2004
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Cash 'n Carry
Forget about the cashless society. The SCMP reports on a robbery yesterday: Two bicycle-riding robbers escaped with a handbag containing $400,000 after threatening a pursuing off-duty policeman with what appeared to be a pistol in Fanling yesterday. One robber pointed a handgun or a replica at the unarmed sergeant from about a metre away, ordering him to stop the chase...Police said the victim had been waiting for the bank to open. It is understood the money was to be deposited to settle the recent purchase of a mainland house.In this modern era of ATMs, internet and phone banking, credit cards and cheques, it seems to be that many cannot let go of the folding stuff. What is it with Hong Kongers and their fascination with cash? Any trip to the races or to the casinos of Macau will show you multitudes of HK residents with massive rolls of money. As I understand it there hasn't been a significant bank collapse in Hong Kong in years. So why people walk the streets with their life savings in their handbags remains a mystery to me. Banks, for all their faults, are usually a good way to safely keep your money. Perhaps it's time for another Government education campaign. posted by Simon on 08.27.04 at 10:06 AM in the
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Comments:
Many HK people remember, either first hand or one generation back, when all their money in the so-called "safe" banks were confiscated. Uncle Mao didn't have much use for people with money in the bank. Just for their money. HK people probably have a lot of gold and diamonds too. Remember that FDR confiscated all American's gold around 1933 or 1934 too. Gold was illegal for an American to own. posted by: kennycan on 08.27.04 at 11:05 AM [permalink]Is that 400K US or HK? posted by: Kevin on 08.27.04 at 11:35 AM [permalink]At least the victim has now joined the cashless society. posted by: fumier on 08.27.04 at 02:14 PM [permalink] |
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