And the bank runs begin

[brandon]

Expect this to get alot worse....


http://www.latimes.com/business/la-f...,1217522.story

This is estimated to cost the FDIC 10% of their total funds. It's only going to take a few more bank failures before the FDIC is insolvent and the federal reserve ushers in the era of hyperinflation....

[123tim]

"Cars passing by on Ventura Boulevard honked in support."??? They're supporting people withdrawing their money from a bank?

Anyway, this would be an excellent place to hand out Ron Pual economic literature. Wish that I wasn't on the opposite end of the country.

[brandon]

Anyway, this would be an excellent place to hand out Ron Pual economic literature. Wish that I wasn't on the opposite end of the country.

Yea it would. I hope some people in CA are working on this,

[123tim]

Yea it would. I hope some people in CA are working on this,

Seems that they are. I found this post after I posted my comment:
http://www.ronpaulforums.com/showthread.php?t=146739