How do you save a bank by ignoring the reason for putting money in a bank.
What fool would ever place savings in a bank that steals them.
Of course there will be a run. I am surprised that banks in America haven’t had a run on them yet.
>>> What fool would ever place savings in a bank that steals them.
You’d be surprised.
Wonder if this could be an opportunity for a new banking model. No interest payment on insured deposits, in fact you pay 0.1% ( or similar) per year and the Bank DOES NOT LEND OUT YOUR DEPOSITS. They actually BANK the money guaranteeing no loses.
Not monster profits. Like the current thievery system, but if you attracted huge deposits for safety........
because Americans have been numbed ad dumbed down
I have noticed on many threads that lots of FReepers are pulling cash out. At least they say they are.