I sincerely hope the next RHR is entitled "The Bank Runs Continue."
Discussion
Interesting how a bank holiday could wipe-out unrecoverable deposits if an insolvent FDIC doesnât bailout depositors but if you owe money that debt will still be owed to the next financial institution who assumes the failed bankâs âassetsâ.
Interesting how a bank holiday could wipe-out unrecoverable deposits if an insolvent FDIC doesnât bailout depositors, but if you owe money then that debt will still be owed to the next financial institution who assumes the failed bankâs âassetsâ at pennies on the dollar. đ”
Source? RHR is about the only news I listen to. I know nothing about this bank.

