Should we be worried about a run on the banks?

[Clash City Rocker]

I don’t know enough about it to have a firm opinion. I assume there are regulations to make such a thing harder these days? Does it make a difference that money is largely moved electronically now?

[KPN]

1. Don't even mention that!

[ibegurpard]

2. What are people going to buy if everything's closed?

[Chainfire]

16. That is easy

Toilet paper on the black market.

[exboyfil]

3. A run on the money market funds in your 401k

I have been thinking about that today.

[MoonlitKnight]

8. Fed has addressed money market liquidity

[msongs]

4. one might wish to have a bit of cash on hand even tho purchases are often made on cards nt

[Under The Radar]

5. A run would mean there is a population with savings

I don’t think that has been the case since the ‘80s

[TheBlackAdder]

9. BINGO! Most people are living paycheck to paycheck.

[tazkcmo]

11. Beat me to it.

I'm fortunate in that I do have a little bit of money in the bank. But it took me 35 years to get it there. Most people are worse off.

[MoonlitKnight]

6. No

Thanks to the post 2008 regulations the banks have ample reserves.

You can thank Obama, Biden, Warren, Frank, Pelosi and many more Democrats for that.

[Bengus81]

7. FDIC insured and unemployment etc,etc--thanks to Democrats

There is a $$ cut off but I don't think I'll be hitting that number any time soon.

[Arkansas Granny]

12. This.

[Turbineguy]

10. That didn't even happen in 2008.

And that was a financial crisis. Besides, many businesses are not accepting cash preferring relatively cleaner debit or credit cards. In the 1930's they didn't have those.

Although CNBC keeps re-running the Bill Ackman rant. Trying to start a bank run.

[gibraltar72]

13. Actually mentioned that to my wife last week.

Maybe on her maybe on Kos . Someone posted that person in front of them wanted 8,000 dollars at bank. Was told they'd have to make an appointment to get that from their account. I remember talking to people years ago who still didn't trust banks. because of what they lost in depression.

[CanonRay]

14. I'd be more worried the employees at the bank

get sick and they have close.

[ansible]

15. Probably not, considering how most americans these days are in deep shit in debt already