Article on where the banks are on this pandemicmic

[hurleyjd]

https://www.yahoo.com/finance/news/plumbing-behind-worlds-financial-markets-131618535.html

Could a bank holiday be declared as it was in the thirties. I think that the wife and I have about $2000 in the strong box here at the house. All other cash would require a transfer electronically to a bank from my mutual fund provider. Then I would have to go to the bank to withdraw any cash and the bank being closed. I think this pandemic is going to really show how much a person cannot not need as for as surviving. There is going to be a highlighting of careers that are totally not needed such as entertainment, travel, eating out and a lot of other things we will find we will not need. All purchases now are done with a debt card. Have no idea how any one else's financial life works.

 

[TexasBred]

Once the transfer it completed with the mutual funds you should be able to make withdrawals from ATM machines at least until they run out of money.

 

[1982vett]

What...wasn't electronic banking down just a few days after 9-11 which was a lot different than the mass hysteria we have over the sniffles.... but I guess the cash only people are at a disadvantage. Still...isn't the "food stamp" (whatever it's called) money on debit cards these days?

One question that hasn't been answered locally for the volunteers.... is the local food pantry going to do their monthly distribution this weekend. Do you put your volunteers at risk to help the less fortunate that count on this....or do you tell them we don't want to risk you getting sick....

How you going to turn the clock back on the Socialism that's going to come out of all of this? I see a lot of income that is going to be lost...but on the other hand...not many places to spend it if your on lockdown. I suspect a new mindset is going to be developed by the time this runs its course.