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re: Run on Banks in Henan, Shanghai, and Dandong, China?

Posted on 6/20/22 at 12:37 pm to
Posted by trinidadtiger
Member since Jun 2017
13529 posts
Posted on 6/20/22 at 12:37 pm to
quote:

Why would China allow this? Why not freeze the cash runs?


They are, and thats the problem, the backlog of people wanting cash.

In this age of bitcoin, its not a bad decision to do your banking with a place that says FDIC insured, though most dont even know what that means these days.
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