Yesterday the Canadian government was looking into unfreezing the protestor bank accounts. Too many other Canadians have been pulling out their money from their accounts, and possibly create a fatal run on the banks.
“Too many other Canadians have been pulling out their money from their accounts, and possibly create a fatal run on the banks.”
People wonder how downward spirals happen so quickly, once you overreach and star messing with people’s property, the property that can be moved to a more secure location is moved very quickly.
Banks will rue the day they stopped serving their customer’s and started playing government snatcher.
Their needed reserves will suffer, and quickly.