Quote:
Originally Posted by Anja
I don't know that you understood my question, pt.
To reword: people who tell you to leave your money in the bank - are they suggesting you to do the same in the sake of hoping to quell a "run" on the banks.
Because, certainly, if many panic and take their money out that is not going to have good results.
Are we on the same page?
|
I thought you were referring to the market itself, not the banks.
I'd only be concerned if you are over the FDIC limit in a bank, or if you actually need tens of thousands in cash for some reason. Neither of which really matters in a bank run itself, unless there is an underlying cause (like the bankruptcy of the bank).