Keeping an Eye on China


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.


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

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