I hate the mf'ers. Especially when they structure it out. F' 'em, here's a SAR.CTR folks have to be loving these paranoid people.
I hate the mf'ers. Especially when they structure it out. F' 'em, here's a SAR.CTR folks have to be loving these paranoid people.
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.