Shouldn’t we all have a holiday where we withdraw all our money from bank accounts…just for a day?

[OddBeMe]

Then put it back slowly the next few weeks. Payback for TARP biatches!

Sounds too difficult…

Ehh

Hell yeah, crash the system for a day

[Stoner710]

Sure I’ll crash the market because I’m withdrawing 20,000 fuck man that’s as a bad idea as let making it a class 1 felony to allow buffering. It’s annoying but yea no we shouldn’t do either one of those

[OddBeMe]

Not saying there won’t be downsides. But I feel like the regular Americans are forgotten. Yet we fuel the country financially. Having banks go through a black day where all their accounts go red might remind them.

[Stoner710]

I agree without that normal Americas are forgotten I can think of a few senators and house representatives that care but most don’t be it democrats or republicans.

But pulling out all our money out of the bank would destroy the banking system even for 1 day a year. I live in a town with a little under 3,500 people we have 2 banks (technically one since umqua bank just bought out Columbia bank) Even if everyone in my town couldn’t pull out all there money banks don’t have that much money in there facilities (I did have to look this up). Most smaller banks on, u have 50,000 on hand even the larger banks in seattle carry 200,000 on hand the brick and mortar banks don’t have that much money on hand. So those who got there early could get the 50,000-200,000. But not everyone would be able to pull all their money out of the bank.

I will say we need to stop these government bailouts of the bank. It effectively causes bigger banks to make bad decisions because they know the federal government is just going to bail them out. Bailout should be illegal.

[AngryCarl2]

Sure, but there's just one flaw in your plan. The banks don't have your damn money. They already spent it. All they have now is reams and reams of IOUs.

[OddBeMe]

True. But that’s where it would hurt them. They are required to give us every cent back when we want it. Not saying this wouldn’t be a mini depression.

Just a thought experiment to show the country who’s really boss. Lol

[AngryCarl2]

You might want to check the small print on that one. Maybe your deposits are guaranteed up to a certain amount, but given the level of corruption in your legislature I can't be sure.

[jshm2]

Don't be silly.

That's as stupid as going in and buying all the toilet paper you can afford, as an "investment".

[OddBeMe]

I just want to see ahole filling trashbags with gasoline in their trunks….

[ChefPapiChulo]

thats how the great depression started lol. that would be the end of civilization as we know it because world war would break out again. but the difference between now and then is that countries have nuclear bombs.

[OddBeMe]

Kinda, and not really. Black Monday, October 28, 1929 Stock crash was the epitome of a bunch of smaller crashes throughout the year. And runs were mostly after.

Ironically, it parallels a lot with 2007 crash. Speculators using borrowed money to buy more stocks and everything got tied together. Then the borrowed money payments came due.

2007 it was housing, but same exact issue.

[ChefPapiChulo]

What

[OddBeMe]

Bueller?

[ChefPapiChulo]

Do you not know how the Great Depression started lol?

[OddBeMe]

I just told you.

[ChefPapiChulo]

so then you dont know.

[OddBeMe]

Mkay sweetie. What you say goes. Are you hangry? Need a snack?

[gorydetails]

I mean I knew you dems wanted to destroy America…but I didn’t realize you dropped all pretense of caring about the country.

[OddBeMe]

Not saying this wouldn't have side effects. This is the left’s dumb idea counterpart to the right wanting to go back to the gold standard.

[gorydetails]

Correct. The right has the smart Idea, the dems have the dumb idea. As usual.

[OddBeMe]

Ehh I’m not sure you’re wrong on this on JD

[Sevenpointfive]

yes. i don't need a bank anyways

[douride2]

What would the point be.

[OddBeMe]

All (or a lot) of banks lose their playing money. What do you think they do with our deposits? They make crazy Wall Street bets and then our govt nails them out.

We just need a day every year to show them who’s boss. And get atm fees refunded.

[msc545]

Very bad idea. We would be our own victims.

[OddBeMe]

Not entirely disagreed.

But my Marxist side (small, but loud…also have a Gordon gecko side too) says we need to remind the country who’s boss.

[msc545]

Yeah I know but every time we do something like this we wind up in lines to get free food from the government which tastes terrible and wealthy people wind up. Just counting more money for themselves

[OddBeMe]

Yes. I just had a pcp fueled Marxist moment there last night. I’m back.

[msc545]

oh good!

[Anonymous]

Reported.