Post Tagged with: "bank runs"

April 4, 2013 04:30

ALERT: All Of The Money In Your Bank Account Could Disappear In A Single Moment

As we just saw in Cyprus, when there is a “banking crisis” sometimes government steps in and suddenly changes all of the rules overnight even though the vast majority of the population is against it.

October 16, 2012 06:03

Free Banking vs Banking Panics

[T]he banking industry of the 19th century was destabilized by destructive government interventions, which were forcing and/or encouraging the bankers to act irrationally. The introduction of the Federal Reserve is, therefore, an example of the principle that controls breed controls.

May 18, 2012 05:33

Beginning of the end? Run on Greek banks hits record high

Greeks withdrew more than $900 million Monday and another $600 million Tuesday, according to the Greek Central Bank. While deposits have been steadily leaving banks since the start of the country’s debt problems in 2009, this week’s outpouring of cash reflects a new level of panic, analysts say. – USA Today

December 13, 2011 15:35

Bank run in Latvia feeds fears

Could it spread? To the US?