Comments Related To: Can You Draw Money Out of Your Bank Right Now?
By: bronco 
People across the country are reporting problems drawing money out from their banks as fears abound on main street that consumer banks are going to be the next wave of casualties in...
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Reported by bronco
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Unfortunately this is the reality of the situation. Lot's of rumors flying. Where does a person go to find security?
I went to Bank of America to get some cash today, it was business as usual, I took some cash out of the ATM and than went to the teller to get some more. There were no issues at all. But to be on the safe side it would not hurt to have more cash on hand and not just depend on credit cards. American society is based on credit cards compared to Japan where credit cards have been around for 10 years but people still prefer cash. I guess cash makes you spend less.
Whether it is a credit card or cash taken on credit, like the Tokyo real estate bubble
Wether it is a credit card or money borrowed on credit, a la the Tokyo Real Estate Bubble of two decades ago, it is correctly determining credit or investment worthiness that is key. Greed stumps that I guess
This is not a valid comparison. In the 30's most banks were independent enterprises that were community based. Today, most banks are large national enterprises. So even though the number is smaller today, the size of the problem and number of citizens affected (effected?) could be larger.