Thanks, ponygirl. My contact is still Declined in form and fashion. Definitely a solid account. He hasn’t bothered to inquire what the banking institution is saying to its customers. I’m curious, for sure, but this May be to prevent a run on the banks?
Is that possible in this era?
“May be to prevent a run on the banks?”
*****
My thinking when y’all, I mean you guys, were talking about ATM’s not working was that people had been hitting the ATMs hard the past couple of days and they were out of dough.
Well, I don’t know if there will be runs, but the CongressCritters after Hank Paulson advised them of the pending 2008 crisis called their spouses and told them to take all the money out of the Atms that they could. The Fed also had to step in and up their guaranteed amounts to stop what looked like it might be a run.
For the first time ever, my treasury investment account went negative. Within a few days, it became clear that all the other world banks were threatened too, the money rushed back.
Plus when this debt bubble bursts, who knows how many financial organizations will fail—any who haven’t bowed to the cabal very likely.
During the great depression, the only reason Bank of America made it through was because of creative accounting by the Feds. During the financial issues of the 1980s-1990s, many banks were on watch lists and only allowed to be open by signing an operating agreement that limited their usual practices.
The repeal of Glass Stegal act played it’s part in encouraging poor banking practices.