U.S. bank run by end of year?
Posted: Sun Sep 30, 2012 7:23 pmhttp://www.silverdoctors.com/us-bank-ru ... -dec-31st/ Time will tell.
I hope not as it will impact little people like the Wife and I
big thanks Ben
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Posted: Sun Sep 30, 2012 7:23 pmRe: U.S. bank run by end of year?
Posted: Sun Sep 30, 2012 8:22 pmRe: U.S. bank run by end of year?
Posted: Sun Sep 30, 2012 8:30 pmNot likely. They will put it all off as long as possible, and I don't think we're anywhere near that point yet.
Re: U.S. bank run by end of year?
Posted: Tue Oct 09, 2012 10:29 pmThere have been lines at banks to get money in the country, but I don't think this will happen at every bank. What I fear is that Ben will give us mass inflation to protect us from a national bank run if people do line up outside the bank. If mass inflation happens people will just spend their money instead of getting it out of the bank.
Re: U.S. bank run by end of year?
Posted: Wed Oct 10, 2012 5:36 amonly the first sentence of this article is true, and the rest is conjecture that does not follow logically. there are a lot of things to worry about, but this is not among them.
when TARP was passed, they raised deposit insurance on "transaction accounts" from 250 to unlimited. examples would be your employer's payroll account. historically, regulators prohibited paying interest on checking accounts. banks got around that in the 70s, but then the insurance was limited encouraging people to shift the bulk to time deposits (cd's). the limit will be reimplemented in 2013, but it is not expected to be significant. your employer is not going to move his payroll account to canada becuase the fdic is capping the insurance. also, the u.s. banks are in a lot better shape now.
when TARP was passed, they raised deposit insurance on "transaction accounts" from 250 to unlimited. examples would be your employer's payroll account. historically, regulators prohibited paying interest on checking accounts. banks got around that in the 70s, but then the insurance was limited encouraging people to shift the bulk to time deposits (cd's). the limit will be reimplemented in 2013, but it is not expected to be significant. your employer is not going to move his payroll account to canada becuase the fdic is capping the insurance. also, the u.s. banks are in a lot better shape now.