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Message Subject
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JUST IN: NYC freezes deposits at Capital one, $COF, and Keybank
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Poster Handle
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The Walking Stick Survivalist |
Post Content
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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
Quoting: Anonymous Coward 85831101 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!
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