possible run on banks?

Discussion in 'The Bar' started by wanker, Oct 8, 2013.

  1. wanker

    wanker New Member

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    http://thinkprogress.org/economy/2013/10/07/2740301/banks-stuff-atms-debt-ceiling/



    With just 10 days left to raise the debt ceiling and congressional Republicans threatening to force the government to default on its obligations, banks are taking some dramatic steps to prepare for the economic chaos that would result should the brinkmanship continue.
    The Financial Times reports that one major U.S. bank has started stuffing its automatic teller machines with extra cash in preparation for a possible bank run from panicked depositors. The New York Times reports that another bank is weighing a plan to advance funds to customers who rely on Social Security and other government payments that could stop in the event of a default.
    The FT said the moves are part of “a ‘playbook’ used in August 2011 when the government last came close to breaching the debt ceiling.†The 2011 debt ceiling episode produced serious economic harm, costing the country a million jobs and a knock on its credit rating. Despite the GOP’s stated goal of reducing spending and protecting taxpayer money, their 2011 debt ceiling hostage-taking added $19 billion in borrowing costs.
     
  2. gridman

    gridman Dancing Madly Backwards

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  3. Dream Theater

    Dream Theater DAWGS E-BULLY Squad Gold

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  4. Bro

    Bro God Bless Donald Trump VIP Gold

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  5. wanker

    wanker New Member

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    thinking of taking my savings out till after this passes..but im kind of lazy

    have cds id leave alone cus i wont want to pay any penalties,

    who knows
     
  6. wanker

    wanker New Member

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    :c
     
  7. Judy Garland

    Judy Garland New Member Banned User

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    As long as there are fucking Republican twat morons running around, there will always be a threat of chaos. Hate those motherfuckers with a passion.
     
  8. wanker

    wanker New Member

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    they all are from all this shit

    and imma repub..:c
     
  9. Dream Theater

    Dream Theater DAWGS E-BULLY Squad Gold

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    Sorry Obama gubernment is closed!

    [​IMG]
     
  10. wanker

    wanker New Member

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    hes not budging from his stance either
     
  11. Schmoopy

    Schmoopy Shit Mult Hunter Gold

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    ThinkProgress.org???????????????????????? Why don't you just post a link to Al Jazeera!!!!!!!!!!!!!!!!!!!!!!!!!:cwl:
     
  12. wanker

    wanker New Member

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    :c
     
  13. Schmoopy

    Schmoopy Shit Mult Hunter Gold

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  14. Bro

    Bro God Bless Donald Trump VIP Gold

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    The right is lying to you schmoopy.
     
  15. zhukov

    zhukov Time Traveler VIP

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    tax dollars are rolling in, well above what it costs to service the debt

    libtard hysteria
     
  16. Schmoopy

    Schmoopy Shit Mult Hunter Gold

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    Facts don't lie and have no agenda. :hw:
     
  17. HowardsNeckFlap

    HowardsNeckFlap New Member Banned User

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  18. Bro

    Bro God Bless Donald Trump VIP Gold

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    The market won't be affected at all.
     
  19. Bro

    Bro God Bless Donald Trump VIP Gold

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    Your facts are twisted and wrong.
     
  20. Schmoopy

    Schmoopy Shit Mult Hunter Gold

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    The only reason the fucking market's going down is because of Obama's stupid Marxist mouth!