Quote:
Originally Posted by Stumptown
I did a little more research on the law, and I've changed my mind - the bank run laws shouldn't stick. They're worded such that they only apply if it's implied that the bank may be insolvent. That is not the case here, it's an organized boycott based on bank policy. I think Citi are digging themselves into a deep hole with this action. What I worry about most at this point is so many people pulling their funds out of the "too big to fail" banks might be paving the way for yet another round of tax-payer funded bailouts, and we'll all be paying, yet again.
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I'm sure Citibank is shaking in its boots.
Citi doesn't care about the $10 each of these "customers" had to withdraw. I'm betting they were more concerned about the gong show the protestors brought into the branch. Perfect diversion for a robbery?