Would you consider taking your cash out of the bank right now

Donnabell87

Redshirt
Sep 2, 2020
4
0
0
Despite this assurance of politicians on TV, people pulled large quantities of cash out of banks early before the coronavirus crisis. But once that money leaves the bank, there’s no more insurance on that. You can be robbed, it’s much harder to rob a bank than a person. Don't you think so? I trust my bank, TD Bank is a national US-based bank with more than 1200 full-service branch locations, check https://banknearme.today/td-bank/ You could change your bank or look for new insurance.
 
Last edited:
Nov 28, 2003
12,024
12,437
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My guess is those who withdrew $5K plus withdrew only a small fraction of what they had in the bank as "insurance" should the economy crater and banks shut their doors, which if you think about it is just a form of diversification.

Five and a half months down the road, we see it was nothing but a "Chicken Little" overreaction, but hard to fault people for being a little paranoid during the height of the pandemic doom and gloom.
 

JumperJack

Heisman
Oct 30, 2002
21,997
65,619
0
My guess is those who withdrew $5K plus withdrew only a small fraction of what they had in the bank as "insurance" should the economy crater and banks shut their doors, which if you think about it is just a form of diversification.

Five and a half months down the road, we see it was nothing but a "Chicken Little" overreaction, but hard to fault people for being a little paranoid during the height of the pandemic doom and gloom.

Half the country is knowingly voting for a zombie who is controlled by those who admire Mao. How safe is anybody’s money, property, or life going to be if they win?
 
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