ST Alpha - "i find that impossible that several hundred billion consumers would suddenly withdraw money at the same time -- nm" (Reading a Post)

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In response to "To repeat Guy's question: Who was withdrawing all that money? Consumers? -- nm" by Mop

i find that impossible that several hundred billion consumers would suddenly withdraw money at the same time -- nm

Posted by Guy (aka lostatlimbo) Jan 30 '09, 15:52

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Responses:

Cuz at most, there's 6.1billion consumers on the planet? -- nm - Will Hunting Jan 30, 15:55 2
- oops... meant to write million. :) (which is still probably a bit overboard) -- nm - Guy Jan 30, 15:59 1
  - Ask Pixie about the bank runs out in california that happened. - Will Hunting Jan 30, 16:00
I imagine there was a rumour started somehow among the institutional investors....probably started overseas and it just spread very rapidly. -- nm - Walt_Disney Jan 30, 15:55 5
- I saw an article that the UK was 3 hours from a full on financial collapse. [LINK] - DaMENACE Jan 30, 15:57 4
  - From a side article: Daniel Radcliffe's stunt double paralyzed during production of Deathly Hallows. -- (link) - Mop Jan 30, 16:11
  - "major depositors", whoever that is. Institutional investors, I guess. -- nm - Mop Jan 30, 16:01 2
    - There is tons of money in company payrolls sitting in banks over the gov't guarenteed limits. - DaMENACE Jan 30, 16:03 1
      - Given that it was electronic withdrawls, I think that eliminates average consumers. -- nm - Mop Jan 30, 16:04
The power of several hundred billion consumers is insignificant to the power of the force. -- nm - Redmond has a particular set of skills Jan 30, 15:54
well given the high number of consumers you state i'll think you'r right -- nm - Dane Duke Nuuk Jan 30, 15:54

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