What are we talking about? a lawsuit? We’re talking about a lawsuit, man!
We’re talking about a lawsuit! We’re talking about a lawsuit… We ain’t talking about the criminal charges! We’re talking about a lawsuit, man! When you come to Fifth Avenue, and you see me shoot a man… You see me shoot a man, don’t you?
Let’s not forget that “Trump Supporters” includes people like Peter Thiel, Betsy DeVos, and a bunch of other really really rich people. Could they destabilize some banks through a combination of pulling their own money + spreading FUD about the banks to their friends and the companies they invested in? Absolutely. Depending on who you read about what happened at SVB, they may already have…
A lot of the smaller rural areas that you might be thinking about when you say “Trump supporter” are served by smaller regional/community banks. Those banks could be vulnerable to a run if it got enough support from people in that area. I guess the good news there might be that the lack of other convenient banking options might make people unable/unwilling to send their message that way. Also, a smaller bank filled with a greater % of accounts below the standard $250k FDIC threshold is probably less impactful to the overall banking system and therefore less like to cause chaos on Wall St.
I am just wondering if the diehard trumpers who would actually willing to do this would have an impact. Many of the people you mention don’t care enough about trump to muck up their banking flow.
It’s not a matter of who is rich and poor but who would actually take this action if it was initiated.
There’s a recording of the caller:
“People, they call me up and they say there’s a bomb in the building. Could be. A lot of people are saying it. They’re saying it’s the best bomb. A tremendous bomb. Yuge.”