If every bettor asked for withdrawals tomorrow, how many books would close?
80% is my guess.
These crooks are spending the money and surviving on new deposits similar to the full tilt scandal.
hels
SBR Hall of Famer
04-12-09
8767
#2
I've heard somewhere that banks only have about 20% of all the money people have in them. This is because they know the ratios and how much will come and go. The depression hit because everyone went to the bank to get their money and the banks were like, "sorry bro we've already given out all the money we have." Because of our reliance on banks we are fukked if everyone decides to withdraw their money since the banks DON'T have enough.
If there's ever a time when banks start closing/financial unrest get your money the fukk out ASAP.
Comment
Seaweed
BARRELED IN @ SBR!
01-19-12
26318
#3
Originally posted by hels
I've heard somewhere that banks only have about 20% of all the money people have in them. This is because they know the ratios and how much will come and go. The depression hit because everyone went to the bank to get their money and the banks were like, "sorry bro we've already given out all the money we have." Because of our reliance on banks we are fukked if everyone decides to withdraw their money since the banks DON'T have enough.
If there's ever a time when banks start closing/financial unrest get your money the fukk out ASAP.
A wiseguy keeps his money in a roll.
Comment
Killer_Demo
SBR Hall of Famer
06-15-08
8409
#4
Originally posted by Seaweed
A wiseguy keeps his money in a roll.
I agree on this...rubberband stacks only banks suck
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Big Bear
SBR Aristocracy
11-01-11
43253
#5
Originally posted by Killer_Demo
I agree on this...rubberband stacks only banks suck
I agree fukk the banks
Comment
UntilTheNDofTimE
SBR Hall of Famer
05-29-08
9285
#6
Originally posted by Killer_Demo
I agree on this...rubberband stacks only banks suck
Until hegets robbed. A wise man has his wad in rubberband stacks in a safety deposit box.
Comment
Killer_Demo
SBR Hall of Famer
06-15-08
8409
#7
Originally posted by UntilTheNDofTimE
Until hegets robbed. A wise man has his wad in rubberband stacks in a safety deposit box.
Safes can get cracked...if you got alot bury it in the ground with a metal container so it dont disintigrate