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To: TigerLikesRooster

...my sense is that the banks could all fail...I’ve seen it happen to me....it only took 5 days:

Sunday....the newspaper paper published a story that the bank had unsecured loans.
Monday....people waited at the front door for the bank to open to get their money.
Tuesday....the line was around the block
Wednesday....they sent for an armoured car full of cash from the Fed to try and stem the flow.
Thursday....fist fights broke out in the lobby of the bank.
Friday....the bank did not open.

Moral of the story:NO BANK CAN TAKE A RUN


9 posted on 01/18/2009 8:21:28 AM PST by STONEWALLS
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To: STONEWALLS
As suggested in the article above (buried in the middle of a paragraph,) bank holiday may be enforced. You won't be able to withdraw your money for a while(how long? I don't know.)
10 posted on 01/18/2009 8:25:33 AM PST by TigerLikesRooster (kim jong-il, chia head, ppogri, In Grim Reaper we trust)
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