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I can't speak to the other countries, but I have no recollection of a bank run here in Canada in my lifetime. Do you have a link? And the scope of my comment i

by jtode 4y ago

I can't speak to the other countries, but I have no recollection of a bank run here in Canada in my lifetime. Do you have a link? And the scope of my comment is clearly limited to the USA. We don't have a "fed".

capableweb 4y ago
> Starting on 19 April 2017, Home Capital Group in Canada started to suffer a bank-run on its deposits after an Ontario Securities Commission report was filed that had accused the subprime lender of deceiving its investors in 2015 with its lending practices There is a list of bank runs on Wikipedia for more information: https://en.wikipedia.org/wiki/List_of_bank_runs https://en.wikipedia.org/wiki/List_of_bank_runs Comment threads frequently switching (without notice) between US-only topics and worldwide topics, so sometimes it's hard to know which is which. In this case, I thought the topic was international and didn't grasp your comment was talking US-only.
- jtode 4y ago
  That list is extremely incomplete, and makes it seem like bank runs are happening more lately than ever before. In the 19th century and before they were frequent: https://www.federalreservehistory.org/essays/banking-panics-of-the-gilded-age https://www.federalreservehistory.org/essays/banking-panics-... And the creation of the federal reserve was in reaction to this. Our contemporary love of deregulation is the most regressive and self-destructive push back into the bad old days I have ever witnessed. Texas, with their blackouts and water shutdowns, are showing America their future, and about half of the country seems to think that's a coming paradise. I stopped trying to understand it years ago, for the most part. Other than through the facile P.T. Barnum framework, which I don't consider constructive or useful, as much as it seems to be true.
  - capableweb 4y ago
    > That list is extremely incomplete, and makes it seem like bank runs are happening more lately than ever before. In the 19th century and before they were frequent: Yeah, that might be. I'm not making any claim that bank runs are less frequent now than they used to be or vice versa. I'm just showing that the claim "runs don't happen" isn't true.

by jtode 4y ago

capableweb 4y ago

> Starting on 19 April 2017, Home Capital Group in Canada started to suffer a bank-run on its deposits after an Ontario Securities Commission report was filed that had accused the subprime lender of deceiving its investors in 2015 with its lending practices There is a list of bank runs on Wikipedia for more information: https://en.wikipedia.org/wiki/List_of_bank_runs https://en.wikipedia.org/wiki/List_of_bank_runs Comment threads frequently switching (without notice) between US-only topics and worldwide topics, so sometimes it's hard to know which is which. In this case, I thought the topic was international and didn't grasp your comment was talking US-only.

jtode 4y ago
That list is extremely incomplete, and makes it seem like bank runs are happening more lately than ever before. In the 19th century and before they were frequent: https://www.federalreservehistory.org/essays/banking-panics-of-the-gilded-age https://www.federalreservehistory.org/essays/banking-panics-... And the creation of the federal reserve was in reaction to this. Our contemporary love of deregulation is the most regressive and self-destructive push back into the bad old days I have ever witnessed. Texas, with their blackouts and water shutdowns, are showing America their future, and about half of the country seems to think that's a coming paradise. I stopped trying to understand it years ago, for the most part. Other than through the facile P.T. Barnum framework, which I don't consider constructive or useful, as much as it seems to be true.
- capableweb 4y ago
  > That list is extremely incomplete, and makes it seem like bank runs are happening more lately than ever before. In the 19th century and before they were frequent: Yeah, that might be. I'm not making any claim that bank runs are less frequent now than they used to be or vice versa. I'm just showing that the claim "runs don't happen" isn't true.