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JUST IN: NYC freezes deposits at Capital one, $COF, and Keybank
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[quote:Anonymous Coward 85831101:MV81NDQxMTg4XzEwMDY0NzU0M185QjYwRDIw] [quote:The Walking Stick Survivalist:MV81NDQxMTg4XzEwMDY0NjMxNF81Njk0NzcxMQ==] [quote:Anonymous Coward 85831101:MV81NDQxMTg4XzEwMDY0NjA2Ml9GMkYwRkFCQQ==] NYC froze deposits that NYC had with those banks not anyone else's money just froze deposits NYC had what that does to hurt the bank and not hurt NYC more - I have no idea [/quote] [b]Seems to me that the move that the City of New York just made was kin to a Bank Run. They could not remove their money, and so they froze it![/b] :hiding: [/quote] maybe but also like cutting off your nose to spite your face sort of like when usa & nato stopped dealing with russia and forbid buying any russian oil - instead of hurting russia who had plenty to sell to others it hurt europe as they were then lacking in heating oil during the winter how does freezing their own nyc gov cash deposits hurt the bank and not hurt nyc more - who now has no access to the frozen funds? [/quote]
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NYC says the banks failed to submit plans to root out discrimination
https://twitter.com/_/status/1661828782867746816
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