It's not a "bank run" ..it's an "outflow of deposits" (Obama, revolution)

[HappyTexan]

Now it's Spain's turn for a bank run. Over 1 billion Euros withdrawn in a matter of days.

But...it's NOT a bank run. It's an "outflow of deposits"...lol

WRAPUP 3-Spain beset by bank crisis, recession, bond pressure | Reuters
"The majority of outflows came after the chairman resigned last week, but I think once the bank was taken over by the government, depositors calmed down a bit," said one Madrid-based trader.

[doctrain]

Originally Posted by HappyTexan

Now it's Spain's turn for a bank run. Over 1 billion Euros withdrawn in a matter of days.

But...it's NOT a bank run. It's an "outflow of deposits"...lol

WRAPUP 3-Spain beset by bank crisis, recession, bond pressure | Reuters
"The majority of outflows came after the chairman resigned last week, but I think once the bank was taken over by the government, depositors calmed down a bit," said one Madrid-based trader.

Oh geeeez. I hope we are not next in line for these "outflows of deposits."

[Bulldogdad]

Worthless bureaucrats.

[KUchief25]

Originally Posted by HappyTexan

Now it's Spain's turn for a bank run. Over 1 billion Euros withdrawn in a matter of days.

But...it's NOT a bank run. It's an "outflow of deposits"...lol

WRAPUP 3-Spain beset by bank crisis, recession, bond pressure | Reuters
"The majority of outflows came after the chairman resigned last week, but I think once the bank was taken over by the government, depositors calmed down a bit," said one Madrid-based trader.

Moody's just dropped their credit rating. I hope we're not sending more billions over to europe through the "back channels" from the fed. I'm sure we are though.

[Skydive Outlaw]

Silly people. When are they going to realize that the fiat money they took out of the bank has no real value anyway and is not linked to anything of objective value like gold or other metals - and that the Euro government can counter attack by just creating more debt out of thin air and print more money anyway. . .

[hawkeye2009]

Originally Posted by HappyTexan

Now it's Spain's turn for a bank run. Over 1 billion Euros withdrawn in a matter of days.

But...it's NOT a bank run. It's an "outflow of deposits"...lol

WRAPUP 3-Spain beset by bank crisis, recession, bond pressure | Reuters
"The majority of outflows came after the chairman resigned last week, but I think once the bank was taken over by the government, depositors calmed down a bit," said one Madrid-based trader.

Keynesian economics is a fraud.

Stiglitz should return his Nobel Prize

No liberal should ever be able to vote in a US election

The fate of Greece and Spain awaits us with Obama economics


WAKE UP


PS- SOME OF US were actually here before the US was a nation. My ancestors fought in EVERY conflict in which the US was involved. They fought in the American Revolution:they did not die and fight for nothing. One ancestor was a privateer, who returned to Cherry Valley, only to find the entire village and his family slaughtered by Indian allies to the British. If the US does not want to proceed as a free nation, there are many states that would like to do so, in absence of the consent from Obama.

Free people WILL FIND A WAY TO LIVE FREE.

[BentBow]

Bernanke is firing up the printing press as we speak.

Gold and oil going back up!