ST Alpha - "The banks would fail also. Savings would decline and runs on the bank would increase." (Reading a Post)

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The banks would fail also. Savings would decline and runs on the bank would increase.

Posted by Krusty (aka Krustylu) Feb 25 '09, 17:30

There would be a lack of confidence in the banks and markets causing people to pull their money out and keep as much cash on hand as possible. The banks would fail miserably.

Responses:

badly run banks would. Canada's banks are fine. -- nm - Beaker Feb 25, 17:31 1
- I can't say I know how this all affecting Canada, I don't. -- nm - Krusty Feb 25, 17:37
So, Great Depression levels? -- nm - nubby Feb 25, 17:31 2
- Hard to compare, things are different all around. - Krusty Feb 25, 17:40
- [deleted]

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The banks would fail also. Savings would decline and runs on the bank would increase.

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