Burr’s Bank Run!

In economics/money, Films/Film stars, stupidity on April 16, 2009 by Editor Z

The Washington Monthly reports that Senator Richard Burr(R-NC)effectively called for his wife to make a run on the bank in the Fall of 2008 and withdraw all there money. ‘Banks Runs’ were common during the Great Depression, when customers feared that a bank would become insolvent they would rush to withdraw all their money.

Now I just feel like showing George Bailey in Its a Wonderful Life trying to calm nerves during a Great Depression era bank run.

One word Senator: FDIC



Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: