Fears Spread Among UK Bank's Customers

Isn't just America that is facing a credit crisis, and it doesn't look like it will end anytime soon. Scene's such in UK, with runs on banks, remind one of the panic that occurred after the stock market crash in 1929:

Hundreds of customers lined up to withdraw their savings from a British mortgage bank Saturday, ignoring government assurances that their money was safe despite the bank's request for an emergency loan.

Police were called in some cities to steer panicked crowds away as Northern Rock bank branches closed for the day.

Fears have spread over the bank's request earlier in the week for an emergency Bank of England loan amid the global credit crisis. Northern Rock, Britain's fifth-largest mortgage lender, is the first British bank in 15 years to be bailed out by regulators.