To: rabscuttle385
So what would prevent depositors from just packing up their cash after seeing this news and moving it to Wells Fargo or the like?
4 posted on
10/22/2011 9:53:58 AM PDT by
EGPWS
(Trust in God, question everyone else)
To: EGPWS
So what would prevent depositors from just packing up their cash after seeing this news and moving it to Wells Fargo or the like?Technically, nothing.
However, if Bank of America's retail bank fails, guess who's on the hook for the losses.
7 posted on
10/22/2011 9:59:14 AM PDT by
rabscuttle385
(Live Free or Die)
To: EGPWS
If they have any money there it would be a damn smart move.
10 posted on
10/22/2011 10:30:44 AM PDT by
org.whodat
(Just another heartless American, hated by Perry and his fellow demorats.)
To: EGPWS
Exactly what Dick Durbin, Obama’s fellow socialist from Illinois, would like to see happen.
To: EGPWS
..So what would prevent depositors from just packing up their cash after seeing this news and moving it to Wells Fargo or the like?...November 5: Bank Transfer Day
14 posted on
10/22/2011 10:37:51 AM PDT by
FReepaholic
(Never get out of the boat.)
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