Never in the history of this country has a penny of insured money been lost

Sign up, and you can make all message times appear in your timezone. Sign up

Report problem with this ad

Mar 27, 2020
12:52:25pm

RexIdaCoug Truly Addicted User

Never in the history of this country has a penny of insured money been lost

To a bank closing. Not once. Your money is safe in the banks. Leave it there.

Report problem with this ad

RexIdaCoug

Bio page: RexIdaCoug
Joined: Nov 17, 2006
Last login: May 5, 2024
Total posts: 17,376 (2,314 FO)

Report problem with this ad

Messages

Author

Time

I wanted to start a new thread so this message doesn't get buried. Let me be very clear: banks are not low on cash.

Pimpin4Paradise Intervention Needed

3/27/20 12:47pm

RE: I wanted to start a new thread so this message doesn't get buried. Let me be very clear: banks are not low on cash.

Sea Chicken

3/27/20 12:49pm

"It's me. God. You know I'm good for it..."

Indy Coug

3/27/20 12:54pm

If it comes to worst case and banks are no longer viable and there actually isn'

Broda

3/27/20 12:52pm

Not if you exchange it for gold.

snowbird

3/27/20 12:55pm

Never in the history of this country has a penny of insured money been lost

RexIdaCoug

3/27/20 12:52pm

It also needs to be said that there are regulations in place in terms of how much cash banks need to have on hand

Indy Coug

3/27/20 12:53pm

OK you convinced me, time to go back to the gold standard. AUDIT THE FED

JollyGreenGiant

3/27/20 12:55pm

I stopped at the bank the other day and grabbed a bunch of cash, made me feel...

Eddie

3/27/20 12:56pm

Sounds exactly what a bank would say when they are low on cash.

TCuz

3/27/20 12:59pm

Do you expect me to believe these talking points from big banking? It's my money

3/27/20 1:14pm

I know that's right! Got my banker on line 1!!!

BYU1982

3/27/20 1:19pm

What if I refused to sign the documentation? Would you refuse to let me cash out?

Ragnar Danneskjold

3/27/20 1:28pm

We could refuse to let you walk away with that much cash, sure. A demand deposit account doesn't mean we have to

Pimpin4Paradise

3/27/20 1:33pm

And, then what happens if he actually wants the cash? he has to come back to

mkg

3/27/20 2:27pm

Exactly. That's why there's a process in place if you want that much cash.

Pimpin4Paradise

3/27/20 2:41pm

But it’s his cash. Why shouldn’t he have the right to it?

mkg

3/27/20 5:23pm

He's guaranteed access to his funds, not cash. Cashier's check, wire, ACH

RexIdaCoug

3/27/20 5:25pm

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad