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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
Posted by Flats
Member since Jul 2019
21913 posts
Posted on 3/17/23 at 5:47 pm to
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 by Bass Tiger
Member since Oct 2014
46353 posts
Posted on 3/17/23 at 5:55 pm to
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 I can't imagine if less than 5% of a banks deposits were withdrawn it would collapse, if that's not true the whole banking system is full blown retarded.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 by Auburn1968
NYC
Member since Mar 2019
19718 posts
Posted on 3/17/23 at 6:21 pm to
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 by aTmTexas Dillo
East Texas Lake
Member since Sep 2018
15221 posts
Posted on 3/17/23 at 9:05 pm to
quote:

Isn't that pretty much any bank?


Yeah, like Bedford Falls Building and Loan.
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