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To: Jonty30
What you've posted there is true, but it's describing a banking environment that really hasn't been the norm in decades.

The amount of cash that could potentially go out the door in a flood of withdrawals is dwarfed by the enormous volume of money changing hands to and from bank accounts on a daily basis. Just think about the size of a bank account that is required to handle payroll transactions for a typical mid-sized U.S. company, let alone a Fortune 500 company.

28 posted on 08/30/2024 8:23:00 AM PDT by Alberta's Child (“Ain't it funny how the night moves … when you just don't seem to have as much to lose.”)
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To: Alberta's Child

I understand, but that’s because the banks got greedy and took undue risks and it might come back to bite them. It’s inevitable, because familiarity breeds contempt.


29 posted on 08/30/2024 8:26:17 AM PDT by Jonty30 (Genghis Khan did not have the most descendants. His father had more. )
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