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Banks can cover some things going wrong, sometimes, not everything going wrong at once. Just takes one queue at a bank, few social media posts and next thing,
by Zenst 7y ago
Banks can cover some things going wrong, sometimes, not everything going wrong at once.
Just takes one queue at a bank, few social media posts and next thing, all those branches have queues due to panic and end up with a self fulfilling prophecy so to speak.
Heck, if people can panic buy toilet roll, nothing is out of the reach of stupidity.
- cycop 7y agoMy bank would only let me take $3k out today , they said come back tomorrow for another $3k .... it is already starting.
- koheripbal 7y agoThose are pretty normal restrictions. Why on Earth are you withdrawing that much cash? Your account is FDIC insured up to $250,000.
- alexpetralia 7y agoIsn't there FDIC insurance for precisely this reason? I have no reason to believe that the counterparty here is illegitimate.