Slow Bank Run?Submitted by SirRic on Mon, 09/15/2008 - 17:12
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.