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-0.000212585034013563 -0.000212585034013563 -0.000212585034013563 0.00148809523809524 0.00170068027210896 0.00191326530612252 0.00148809523809524 0.00191326530612252
Stock impact report

What Would A Bank Run Look Like Today? [zero hedge]

Bank of America Corporation (BAC) 
Last bank of america corporation earnings: 4/15 06:45 am Check Earnings Report
US:NYSE Investor Relations: investor.bankofamerica.com
Company Research Source: zero hedge
What Would A Bank Run Look Like Today? Authored by Jeffrey Tucker via The Epoch Times, The movie “It’s a Wonderful Life” (1946) features what is today the most famous bank run. It’s film and fiction, yes, but fits with a scenario that has been common for centuries. When the movie came out, the bank runs of 1930–1932 were very much in people’s memory. For older people, they remember the Panic of 1907. Before that, there was the Panic of 1893, the Panic of 1873, the Panic of 1837, and the Panic of 1819. Panics and banking go together and have for 500 years. It’s funny that we call them panics, as if people randomly start hurling themselves around in irrational fear. All that’s really going on is that people want their own money and ask for it. Customers grow concerned that the bank—which makes loans on deposits—has overextended and cannot make good on its redemption promises. It’s a test that the bank passes or not. The bank run is nothing more than a rational check on the soundness of Show less Read more
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