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Slow Bank Run?

I haven't seen anyone comment on the Bank run story:

"But Americans are justified to be worried, says Nouriel Roubini, of NYU's Stern School and RGE Monitor, who notes there is already a "slow-motion run on retail banks" occurring nationwide."

Just my 2 cents, Last week while at my BoA depositing a check and while standing in line for 20 minutes, 4 people were closing thier accounts in cash including some big shot which required lots of questions and forms. It really spooked me when I joke with my teller that seems like lots of people are leaving town when she stated that in the last week she closed over 200 accounts and the bank only had 1 new account opened.
After witnessing this I'm going to close my BoA account this week.

Anyone else have simular stories at your banks?
This is getting quite ugly.

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would a slow bank run...

...be a bank trot?

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Bank Of America

Wild Guess

You scratch our backs and we shall scratch yours....buy Countrywide and Merrill and you will be too big to fail and we'll have your back.

BOA hired a couple of WELL placed folks....

4 Star General Tommy Franks-Because??? There was going to be a war in banking in 2007/2008 and they wanted field operation strategies???? No idea really. There was a thread on this a while back.

ive wanted to leave BofA

ive wanted to leave BofA forever now, but i havent been very comforted in the banking options out here in california. WaMu runs rampant out here, i suppose there's wells fargo which isnt being hit as hard at least in terms of investor confidence.

bofa taking over contrywide wasnt the best decision, or at least thats the argument that some analysts have made, and i cant imagine that rather recent acquisition is yet to be all straightened out, and now the all stock buyout of merril is making me question their ability to absorb both in a relatively short amount of time.

anyone have any genuinely intuitive insight on bank of america?

U.S. Bank?

U.S. Bank may be a good option for Californians (and wherever else those banks may be located).

I don't think they're owned by any larger company...as far as I know.

UPDATE: I just checked their site -- they're in 24 states, and they do have a parent company: U.S. Bancorp (NYSE: USB)

I don't see how BofA can

I don't see how BofA can stay afloat with all of the toxic garbage it keeps buying up.

Republicae's picture

Just from its purchase of

Just from its purchase of Countrywide, it is estimated that over 70% of the loans it bought will go into default.

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