Welcome to Tip’d, a social media site for finance, investing, and business topics. Want to participate? » Join Tip’d now! or read our FAQ.
Posted by
longdongsilver
518 days ago, popular 517 days ago
(http://www.bargaineering.com)
Category: Economy |
"So, you might be asking yourself, will your bank join this list of failed banks? The best thing you can do to help your bank fail is to withdraw your deposits right now. Banks fail because they lack the liquidity to meet their needs and pulling out funds is the easiest way to help your bank fail. IndyMac failed, in part, because billions were withdrawn when depositors learned that Sen. Charles Schumer (D-NY) wrote a letter expressing his concern over the bank’s health. It might have failed on its own, but Sen. Schumer and all the depositors hastened its failure."
Category: Economy |
1 Comment
Save & Share
Spam? Topple this!

Comments
Want to leave a comment on this story? Login or join Tip'd to comment.