MAGA Run On The Banks?

04 Apr 2023 12:25 #1 by FredHayek

Fans of President Trump want to show their disapproval about the indictment and are threatening to pull their money out of banks in order to trigger a bank collapse. Normally I don't think they would have a chance but a lot of these financial institutions are already short of deposits so it might happen in a couple places.

Thomas Sowell: There are no solutions, just trade-offs.
Attachments:

Please Log in or Create an account to join the conversation.

04 Apr 2023 12:50 #2 by ramage
Replied by ramage on topic MAGA Run On The Banks?
Fred,
I am sure that you did not design the poster and put in your own words those of the source. This is B.S.
It is akin to the FBI agents that infiltrated the gathering at the White House on Jan 6, 2020, and urging the people to enter Congress.
Perhaps this is from the Babylonbee.com?

Please Log in or Create an account to join the conversation.

05 Apr 2023 10:56 #3 by FredHayek
Replied by FredHayek on topic MAGA Run On The Banks?
I am not seeing this from most MAGA people but have seen it from a number of different posters on Twitter. Maybe just a fringe group who bought a lot of Bitcoin.

Thomas Sowell: There are no solutions, just trade-offs.

Please Log in or Create an account to join the conversation.

05 Apr 2023 13:38 #4 by homeagain
Replied by homeagain on topic MAGA Run On The Banks?
U should probably include some financial sources....research it,banks in general, are close to insolvency or are ,in fact already there. We have been credit union member for decades....WE JUST PAID OFF OUR MORTGAGE IN FULL....(SINCE WE HAVE MOVED 8 times in 35 years......THAT is a miracle)

Please Log in or Create an account to join the conversation.

05 Apr 2023 19:22 #5 by FredHayek
Replied by FredHayek on topic MAGA Run On The Banks?
I haven't read of any bank runs so far, but I think banks would want to keep a run quiet.

Thomas Sowell: There are no solutions, just trade-offs.

Please Log in or Create an account to join the conversation.

Time to create page: 0.140 seconds
Powered by Kunena Forum
sponsors
© My Mountain Town (new)
Google+