hundreds rush bank in NY

[kermalou]

rushing bank

what is it with people these days, where do they get their information.

 

[CTho9305]

Guess they don't know what FDIC insured means.

 

[yoda291]

The former bank manager was fired but has not been arrested.

Is this putting ideas in anyone else's head?

 

[kermalou]

i think that it might remind them of China somehow, but with Comunism I don't know how.

 

[ROTC1983]

:Q

 

[Spikey217]

I had to push through that mess yesterday as I was walking by.

It wasn't as bad as it was today though.

 

[Zim Hosein]

"They needed to touch me, to see that I was real and not a ghost," Sung said.

:Q

 

[toant103]

Originally posted by: CTho9305
Guess they don't know what FDIC insured means.

what if they have more than $100k?

 

[kermalou]

Originally posted by: toant103

Originally posted by: CTho9305
Guess they don't know what FDIC insured means.

what if they have more than $100k?

then they should be at more than one bank.....

 

[psteng19]

Originally posted by: CTho9305
Guess they don't know what FDIC insured means.

Actually, they have valuables inside security deposit boxes that are not FDIC insured.

Read that in another article... it said they were afraid those belongings were being stolen as well.

 

[Vic]

Originally posted by: yoda291

The former bank manager was fired but has not been arrested.

Is this putting ideas in anyone else's head?

Exactly. I blame the media. The current anxiety level in America is just about scary.

 

[Shockwave]

"Language was a problem because while many of the depositors understood only Fujianese, a dialect spoken in the south of China, many of the bank's officials spoke Cantonese or Mandarin. Many in line wore masks due to fears about severe acute respiratory syndrome, or SARS. "

Nuff said.

 

[rh71]

poor people...

 

[ZOXXO]

Originally posted by: CTho9305
Guess they don't know what FDIC insured means.

Possibly, but if I had reason to beleive my bank was in danger of absolving I would transfer my funds to another institution.

Not sure exactly how the FIDC works in such a situation but the Federal part of FDIC reeks of "long and drawn out process" in my mind.

 

[DaWhim]

Originally posted by: ZOXXO

Originally posted by: CTho9305
Guess they don't know what FDIC insured means.

Possibly, but if I had reason to beleive my bank was in danger of absolving I would transfer my funds to another institution.

Not sure exactly how the FIDC works in such a situation but the <EM>Federal</EM> part of FDIC reeks of "long and drawn out process" in my mind.

if your bank went bankrupt, you just have to show them how much you have in your bank. they will write you a check RIGHT AWAY! insured is up to 100,000. those people are just DUMB

 

[Yax]

Holy SHTT! I better get to the bank right away!!! When's the next flight from CA to NY?

 

[Cyberian]

Originally posted by: kermalou
rushing bank

what is it with people these days, where do they get their information.

The language and culture barriers may have contributed somewhat to a misunderstanding.

 

[d0ofy]

A newspaper article from a Chinese language publication started the hysteria. English media was only covering the frenzy after it started.

 

[gopunk]

Originally posted by: Cyberian

Originally posted by: kermalou
rushing bank

what is it with people these days, where do they get their information.

The language and culture barriers may have contributed somewhat to a misunderstanding.

bingo...

 

[abc]

Originally posted by: Shockwave
"Language was a problem because while many of the depositors understood only Fujianese, a dialect spoken in the south of China, many of the bank's officials spoke Cantonese or Mandarin. Many in line wore masks due to fears about severe acute respiratory syndrome, or SARS. "

Nuff said.

ahh, Fujianese... my pop looked at the news video and he told me they were.

Why so much Fujianese, and I was told this Bank, Abacus, unlike others there ...HSBC, Citibank, offer the service of some kind of International fund transfer thingy.... like a Western Union? kind of thing, and they send alot back and often.

 

[Zenmervolt]

Originally posted by: kermalou

Originally posted by: toant103

Originally posted by: CTho9305
Guess they don't know what FDIC insured means.

what if they have more than $100k?

then they should be at more than one bank.....

Famous misconception. FDIC insurance is $100,000 per person, not per account.

ZV

 

[Aceshigh]

Stupid people. If people withdraw all their money from that bank enmasse then the bank, which may be very healthy right now, might very well might fall into financial trouble.

 

[ReiAyanami]

if they weren't, well now they are