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re: Bannon is reporting Wall Street Journal warns another 180 banks are susceptible...
Posted on 3/17/23 at 6:03 pm to Flats
Posted on 3/17/23 at 6:03 pm to Flats
quote:
I can't imagine if less than 5% of a banks deposits were withdrawn it would collapse, if that's not true the whole banking system is full blown retarded.
I have some bad news for you......
So you're saying/admitting it was/is a house of cards? Great!
1
Posted on 3/17/23 at 6:12 pm to Bass Tiger
quote:
So you're saying/admitting it was/is a house of cards? Great!
I'm saying I don't think* any bank can survive 10% of deposits walking out the door at once, or very few of them can. Look up "reserve ratio"; it was zero at one point during covid.
*not a bank expert
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