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Started By
Message
Serious question - should I go pull my money out of my bank on Monday?
Posted on 3/12/23 at 2:33 pm
Posted on 3/12/23 at 2:33 pm
Talks of bank runs are unnerving.
I’m aware some of this hype is also to assist SVB to get a bailout, which I would expect from Joe’s dumbass admin.
I bank with JPMC but I imagine if there’s a real run, none of them are safe.
Any of y’all moving to cash this week?
Also, I’m not OT rich, yes my accounts are within the FDIC insured amount, but I imagine the Fed would go insolvent if the whole system saw a run.
I’m aware some of this hype is also to assist SVB to get a bailout, which I would expect from Joe’s dumbass admin.
I bank with JPMC but I imagine if there’s a real run, none of them are safe.
Any of y’all moving to cash this week?
Also, I’m not OT rich, yes my accounts are within the FDIC insured amount, but I imagine the Fed would go insolvent if the whole system saw a run.
31
Posted on 3/12/23 at 2:34 pm to Yaboylsu63
We have been holding out 25% of all our income from our businesses for roughly 6 months
Posted on 3/12/23 at 2:34 pm to Yaboylsu63
No
Posted on 3/12/23 at 2:35 pm to Yaboylsu63
Insolvent?
They are about to pay off uninsured customers in SVB.
They are about to pay off uninsured customers in SVB.
Posted on 3/12/23 at 2:39 pm to Yaboylsu63
quote:
erious question - should I go pull my money out of my bank on Monday?
Bury it in the yard.
Posted on 3/12/23 at 2:39 pm to Yaboylsu63
Yes, by all means go be part of the problem.
In all actuality, we're probably all ok. The more I read about this stuff, the more comfortable I am with Chase. I'd be more worried about employers overreacting and starting mass layoffs instead.
In all actuality, we're probably all ok. The more I read about this stuff, the more comfortable I am with Chase. I'd be more worried about employers overreacting and starting mass layoffs instead.
Posted on 3/12/23 at 2:48 pm to Yaboylsu63
No. Wait until we go to a digital currency and social credit score with low scores resulting in removing your money. In that case, pull your money out because cash will be very valuable on the black market.
Posted on 3/12/23 at 3:06 pm to Yaboylsu63
quote:
should I go pull my money out of my bank on Monday?
No, you should have done it Thursday when I told you to.
Posted on 3/12/23 at 3:13 pm to Yaboylsu63
Panicky bitched like you will make this worse than it is. 
Posted on 3/12/23 at 3:39 pm to Yaboylsu63
If you have to ask you don’t need to.
Posted on 3/12/23 at 3:51 pm to Yaboylsu63
Unless you have over $250k in a bank or are in a non-FDIC bank, no.
Posted on 3/12/23 at 4:43 pm to Yaboylsu63
Hell NO, Obama consolidated the Banks to make them too big to fail.
He wouldn't lie. He was the smartest President in history.
He wouldn't lie. He was the smartest President in history.
Posted on 3/12/23 at 4:46 pm to Yaboylsu63
Nah. If it really blows up, your cash won’t be worth anything anyway. 
Posted on 3/12/23 at 5:45 pm to Yaboylsu63
If there's a significant bank run your money will be worthless anyway.
To put it in perspective.
To put it in perspective.
Posted on 3/12/23 at 5:45 pm to Yaboylsu63
My pull out game is weak. Ask my wife or our 4+ kids
Posted on 3/12/23 at 5:45 pm to Yaboylsu63
I’ll look after it
Posted on 3/12/23 at 5:46 pm to Yaboylsu63
quote:
Also, I’m not OT rich, yes my accounts are within the FDIC insured amount, but I imagine the Fed would go insolvent if the whole system saw a run.
If that happens we're all screwed anyway.
Posted on 3/12/23 at 5:50 pm to Yaboylsu63
Did It's a Wonderful Life teach us nothing?
Posted on 3/12/23 at 5:53 pm to Yaboylsu63
quote:
Also, I’m not OT rich, yes my accounts are within the FDIC insured amount, but I imagine the Fed would go insolvent if the whole system saw a run.
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