Anyone think there will be a run on Banks?

[maryellen99]

Someone on Fox suggested that everyone should keep $1,000 in cash at home. I could totally see the repukes trying to start a run on the banks.

[DURHAM D]

1. No.

[Chan790]

2. No, the banks have accounted for that contingency. n/t

[provis99]

3. nope.

[sunflowerseed]

4. Wouldn't we all have to have money in the bank first?

[gateley]

5. Yep, you and I would be sitting at home watching it on TV, sunflowerseed. nt

[maryellen99]

6. But we know how gullible fox viewers are

They believe everything on there.

[jwirr]

14. Good point. However, I am taking my whole Social Security check

out as soon as it comes.

Welcome to DU.

[demodonkey]

7. Keep $1000 at home?? Ha ha ha.

In order to keep $1K at home I would have to have $1K first.

[spanone]

8. Someone on Fox suggested... .bwahahahahahahahaa

[maryellen99]

9. I know....God I hate that network

[Rochester]

10. Nothing would surprise me. Would people trust the FDIC anymore...

...to insure our deposits if the gov't defaulted? If not, bang goes our (remaining) trust in the banks, and the run happens.

[OHdem10]

11. Tonight on Fox, a serious woman from Powers and Assoc.

recommended that people convert a great portion of
their savings, assets to cash. She said Banks might
not be able to make loans.

[fishwax]

12. nah.

[tuckessee]

13. A thousand bucks would disappear in the blink of an eye if there's big trouble.

But luckily there'll be no bank runs.

[Kalidurga]

15. If it was going to happen it already would have.

The crisis has been going on for several weeks now. I think anyone that was going to withdraw their money has done so already. I would do that if I thought it would make a bit of difference if the economy tanks.

[Terra Alta]

16. How typical for someone on Faux to assume

everyone has an extra $1000 they can keep at home.. what a moron.

[BiggJawn]

17. Not unless people are hurting for toilet paper.

You can have $1,000,000 at home under the bed, it's still gonna be useless ass-wipe come Tuesday morning.

We're royally screwed. Unless you can exchange what you have for Dinars or Yuans first thing Monday

[A-Schwarzenegger]

18. Anyone think there will be a run on freakout OPs?

When in doubt, freeeaaaak out.

[JFN1]

19. yes.

people will not feel safe about banks, bank's intentions, or the spin about the failed full faith and credit of the govt. If the govt is broke, people will think, how can FDIC protect my money? With what?

[rucky]

20. I may actually consider using my savings account again

if I could earn enough to put something away.