/biz/ - Business & Finance

>>52416074
Kek, what if the internet caused a bank run on a major bank?

>>52416124
that would be tragic

>>52416124
Wouldn't matter, banks don't have money anymore. You have to special order basically anything over 5 grand.
Also the US has FDIC insurance which is backed by an unlimited printing press.
What are you gonna bank run them for paper checks?

>>52416074
Wells Fargo is being set up to be the US banking system's sacrifice in the coming downturn, Deutsche Credit Suisse and HSBC are some others that might be on the way out. It'll be remembered as 2008v2 and blamed on covid and Russia in history books

>>52416288
retard alert. you think they have all your digital cash available to withdraw whenever you want to? all that fiat is stashed in funds, bonds and yield shit. Physical cash is another case, you actually have to ¨order¨ your cash if you want to withdraw. But dont think bank runs can't happen just cuz we're digital now nigger. And yeah, the money is insured, but getting bank ran on 20 billion still creates 20 bill on top of those existing.

>>52416074
I mean isn't that normal everyday for Wells Fargo?

>>52416288
Fort nox is empty.
Would be a shame if everyone suddenly wanted to be the bearer who is paid on demand.

>>52416335
>Wells Fargo is being set up to be the US banking system's sacrifice in the coming downturn
Either a sacrifice like Lehman Brothers or Wells Fargo is rushing to collapse, so they can be first in line for a bailout.
A fucking storm is brewing, lads. When the storm passes, we can expect a pivot

>>52416074
>>52416262
>>52416335
Couldn't happen to a more deserving bank.
>IT'S... SCHAAAAADENFREUDEEEEE
>PEOPLE TAKING PLEASURE IN YOUR PAIN

>>52416124