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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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Anonymous Coward |
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! Quoting: The Walking Stick Survivalist 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?
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