QW on Nostr: Headlines that say “Don’t Panic” are pumping a lost cause in my opinion. More ...
Headlines that say “Don’t Panic” are pumping a lost cause in my opinion.
More than 93% of the bank’s $161 billion in deposits are not insured.
I’m sure customers are learning some hard truths right now and the minute withdrawals are allowed the real bank run will happen.
Just speculation but it’s human nature to cut and run in that situation. It’s how all the melt downs played out.
Published at
2023-03-12 04:44:15Event JSON
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"content": "Headlines that say “Don’t Panic” are pumping a lost cause in my opinion. \n\nMore than 93% of the bank’s $161 billion in deposits are not insured. \n\nI’m sure customers are learning some hard truths right now and the minute withdrawals are allowed the real bank run will happen. \n\nJust speculation but it’s human nature to cut and run in that situation. It’s how all the melt downs played out. \nhttps://nostr.build/i/nostr.build_43dc29872aa3d7ee218bc6d33c1ea24c2c29af109a380bd678bc8ac7ef078a7f.jpeg",
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