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What law says that causing a bank run is a felony? And what bank are you talking about?
by amanaplanacanal 3y ago
What law says that causing a bank run is a felony? And what bank are you talking about?
- FireBeyond 3y agoI stand corrected. Up until 2012, it was indeed a felony in California, but there questions of accuracy of information and freedom of speech: > In California, there’s been an anti-bank run law on the books since 1917 prohibiting a person from spreading false information about a bank’s condition. that the Supreme Court struck down. > Many states have laws on the books prohibiting anyone from making disparaging comments about a particular bank’s financial condition. Sources: https://www.csmonitor.com/Business/The-Circle-Bastiat/2012/0606/Can-you-yell-run-in-a-crowded-bank https://www.csmonitor.com/Business/The-Circle-Bastiat/2012/0... https://www.americanbanker.com/news/court-strikes-down-law-designed-to-prevent-bank-runs https://www.americanbanker.com/news/court-strikes-down-law-d...