Forum Post: Bank runs
Posted 13 years ago on Oct. 16, 2011, 9:22 a.m. EST by JAD
(2)
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If we want to make some serious impact we must be smart. We must use: 1.the means wich are very painfull, effective, but legal and 2.we must do the same things that they did to us... by the 1st I mean taking accounts out of big banks and consequences will be pretty obvious.. - bank run.. that is the thing they REALLY DONT WANT and it will cost them(the protests have no impact on them).. by 2nd I mean - SELL SHORT banks.. some years ago they sold worthless securities and bet against them in order to make money, but now we could do the same..(the short selling is also good investment (banks nowdays fundamentally are very weak)). that will defeneatly cauae panic in the banking system and all bankers will get the same what rest of people got, and tooday will be no bailots becose goverment has no money..
Carefully timed "runs" could be interesting. The problem is the bail out--regardless of what bank customers do. As stakeholders, however, customers have some sway over leadership. Perhaps OWS protesters should organize carefully according to their banks--globally--and begin to plan other forms of direct pressure using the aggregate money they've invested. I suspect there are even fairly wealthy bank customers who are pissed off and who would like to plan the "modern run." Any economists care to address this one?
I completely agree. I really do. No one should be "enablers" of these BIG BANKS - ever.
However, I am not sure how much regular people are a factor now as depositors. But let's see.
P.S. sorry about grammar, I am not American
P.S. sorry about grammar, I am not American