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re: Bannon is reporting Wall Street Journal warns another 180 banks are susceptible...
Posted on 3/17/23 at 5:47 pm to Bass Tiger
Posted on 3/17/23 at 5:47 pm to Bass Tiger
quote:
but in trouble meaning it would only take a fraction of their depositors to put the bank at risk
Isn't that pretty much any bank?
Posted on 3/17/23 at 5:55 pm to Flats
quote:
but in trouble meaning it would only take a fraction of their depositors to put the bank at risk
Isn't that pretty much any bank?
It depends on the definition of a fraction....let's say if more than 5-10% of high net worth depositors made a bank run? I can't imagine if less than 5% of a banks deposits were withdrawn it would collapse, if that's not true the whole banking system is full blown retarded.
Posted on 3/17/23 at 6:21 pm to Flats
quote:
Isn't that pretty much any bank?
Yeah. A bank with 10% cash reserve and the rest in home mortgages and loans if hit by a sudden rash of panicked withdrawals inspired by social media could run out of available cash.
It swept the nation in the 1930's.
Posted on 3/17/23 at 9:05 pm to Flats
quote:
Isn't that pretty much any bank?
Yeah, like Bedford Falls Building and Loan.
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