I withdrew vast amounts of cash, as did every foreign-born person I know, not because I mistrust the banking system, but because I don't trust the system that keeps the ATMs full using low-wage labor. This is a fascinating test of the very American belief in normality and rules.https://twitter.com/EmilyStewartM/status/1249778915272527872 …
-
-
(A corollary to 'don't put too much trust in banks' is to keep your a bunch of your cash in usable denominations, not hundreds. If you don't have over a hundred bucks—problem solved!)
Show this thread -
One final point—while bank deposits are FDIC ensured, the mechanism for backstopping the banks in case of mass withdrawals is functionally identical to the Paycheck Protection Program, and look how smoothly that's going right now,.
Show this thread
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.