Keeping an Eye on China

March25

What A Bank Run In China Looks Like: Hundreds Rush To Banks Following Solvency Rumors

From the article:

Why are bank runs like these only set to accelerate? Simple – unlike the US China has zero deposit insurance.

It wasn’t that long ago that I read that the U.S.  FDIC doesn’t have enough money to cover depositors. I would think it is(?) still the case today. I’ll let you do the research.

http://www.zerohedge.com/news/2014-03-25/what-bank-run-china-looks-hundreds-rush-banks-following-solvency-rumors

Tags:

Posted March 25, 2014 by Sue Says in category Economic News, In the News

Leave a Comment

Your email address will not be published. Required fields are marked *

*