Let’s pretend this passes and becomes law. Now imagine a nationwide call for people to do a run on their bank, and pull out all their money. Even when the banks try to limit withdrawals, it doesn’t mean you can’t come back at some point and keep withdrawing.
Not everyone would do it, but eventually the news would be running in panic mode, as would investors.
I’d imagine the banks would be keen to demand a reversal of the law real quick…
Let’s pretend this passes and becomes law. Now imagine a nationwide call for people to do a run on their bank, and pull out all their money. Even when the banks try to limit withdrawals, it doesn’t mean you can’t come back at some point and keep withdrawing.
Not everyone would do it, but eventually the news would be running in panic mode, as would investors.
I’d imagine the banks would be keen to demand a reversal of the law real quick…