By GFS News:A plan hatched by ex-footballer Eric Cantona for a mass run on the banks could cause a financial "crisis", the British Bankers' Association has admitted.
The UK trade body warned that the direct action revolution promoted by the French former Manchester United striker risks a new Northern Rock "if enough people" withdraw their savings.
"I don't understand what benefit there would be in trying to crash the banking system," a BBA spokeswoman said.
"You would very quickly get into a Northern Rock situation if everybody wanted their money at once. It wouldn't take very long before you get queues and then you would get camera crews.
"Once something looks like a crisis it becomes a crisis.
"One of the reasons the Northern Rock situation escalated so quickly was there was a perception that everybody wanted to get their money out, and that made more people want to get their money out."
An online viral sensation, Cantona's comments last week have drawn a huge response.
The ex-footballer turned actor said that instead of taking to the streets, the public should withdraw their cash en masse next month to express their frustration at the effects of the financial crisis.......read on
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