[allendale]

These depositors thought their savings (excess capital) was safe on deposit. Actually the bank lent that capital mostly to government who promptly spent it on consumption. That is what happens when as a culture you deficit spend, print money, suppress productive capitalism with rules, regulations and taxes and consume more than you produce. A liquidity crisis is simply a guise of poverty.

[glorgau]

If I were asked the answer would be “I’m going to spread it out on my bed and roll around on to achieve sexual gratification. I’ll return it afterwards for deposit into my account.”

[SkyPilot]

Check this out - from Drudge front page:

Prove it: Bank blocking some customers from making large withdrawals without ‘evidence’ of spending need

HSBC says it’s all done in the name of customer protection. "The reason being we have an obligation to protect our customers, and to minimize the opportunity for financial crime.”

This is a national and international trend. If you take out cash, the banks are now asking "What do you want it for?" Whatever happened to "Mind you own business - it's my money."

Governments are now imposing more and more control on every aspect of our lives.

Cash provides some freedom from the Big Brother observance of every single transaction in our entire lives, but I think cash is very rapidly on its way out. For months now I have seen people paying for things using their smart phones.

[2harddrive]

Legally, once you deposit funds in a bank, it is NO LONGER your money. It is the bank’s, and you just have a lien on it, similar to the mortgage they hold, on the home you own.