Current Events > Did your bank have the atm off this weekend/today?

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WingsOfGood
03/14/23 10:07:57 AM
#1:


Don't want a bankrun.
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Dat_Cracka_Jax
03/14/23 10:15:26 AM
#2:


Not sure. Haven't been to the ATM machine in a while

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Kalk
03/14/23 12:07:35 PM
#3:


Withdrawing 1k to keep at home for the next few weeks. I don't want to get screwed by a bank run.

People are sheep. They see that 2 banks got closed and panic.

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Doe
03/14/23 12:08:26 PM
#4:


Kalk posted...
People are sheep. They see that 2 banks got closed and panic.
Stated in the same post that you took 1k out lmao

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Dan_Haren-
03/14/23 12:12:38 PM
#5:


Bros, absolutely nothing is happening to any major bank.

Even small bank stocks are shooting back up today.

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Kalk
03/14/23 12:13:08 PM
#6:


Doe posted...
Stated in the same post that you took 1k out lmao
1k isn't panicking. This whole mess just made me realize I need to keep more money on hand.

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EndOfDiscOne
03/14/23 12:13:41 PM
#7:


The banks that got shut down arent normal banks

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#8
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Doe
03/14/23 12:15:53 PM
#9:


Kalk posted...
1k isn't panicking. This whole mess just made me realize I need to keep more money on hand.
That's the thing. A bank run isn't just the rabble frothing at the mouth. That narrative is actually the experience of the investor and capital class. For the average person news of a potential bank results in a rational decision to withdraw some money while you're still able, just like you did. Of course if everyone makes that rational decision, the banks can't handle it when they have 0% fractional reserves.

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NoxObscuras
03/14/23 12:16:06 PM
#10:


Wait what's happening with banks? I have not been following news lol

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BrownBearKing
03/14/23 12:16:22 PM
#11:


Kalk posted...
Withdrawing 1k to keep at home for the next few weeks. I don't want to get screwed by a bank run.

People are sheep. They see that 2 banks got closed and panic.

Not mad at this. Remember plastic bags filled with gas?

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NoxObscuras
03/14/23 12:23:34 PM
#12:


BrownBearKing posted...
Not mad at this. Remember plastic bags filled with gas?
The Internet remembers
https://gamefaqs.gamespot.com/a/user_image/2/3/5/AAQgjdAAERvT.jpg

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WingsOfGood
03/14/23 1:13:06 PM
#13:


NoxObscuras posted...
Wait what's happening with banks? I have not been following news lol

3 banks ran out of money essentially making a bank run scare that even Biden had to addrress.

However those banks were heavily invested in stuff like crypto.
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Pitlord_Special
03/14/23 1:22:16 PM
#14:


I have accounts and credit cards in 3 different banks (BofA, WF, and Citi) If all of those go under, Id say were in a world of shit and Id be more worried about my ammo reserves

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Stagmar
03/14/23 1:30:19 PM
#15:


No. I live in a normal country.

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Dan_Haren-
03/14/23 1:51:36 PM
#16:


Pitlord_Special posted...
I have accounts and credit cards in 3 different banks (BofA, WF, and Citi) If all of those go under, Id say were in a world of shit and Id be more worried about my ammo reserves

lol, bro. Big banks are completely fine. They are all hardcore regulated. That did not change when Trump reversed some of Dodd-Frank.

These were small banks that made really poor choices.
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