AlmightySnoo 🐢🇮🇱🇺🇦@lemmy.world to

Lemmy Shitpost@lemmy.world · 1 year ago

Forbes' kiss of death

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Forbes' kiss of death

AlmightySnoo 🐢🇮🇱🇺🇦@lemmy.world to

Lemmy Shitpost@lemmy.world · 1 year ago

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AlmightySnoo 🐢🇮🇱🇺🇦@lemmy.worldOP
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1 year ago
In theory yes:

A bank can temporarily suspend withdrawals to stop a run; this is called suspension of convertibility.

(https://en.wikipedia.org/wiki/Bank_run)

But IMO freezing withdrawals would just add even more panic when the last thing you want as a bank is have more clients be anxious about their money.

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