Comment on Forbes' kiss of death

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AlmightySnoo@lemmy.world ⁨1⁩ ⁨year⁩ ago

In theory yes:

A bank can temporarily suspend withdrawals to stop a run; this is called suspension of convertibility.

(en.wikipedia.org/wiki/Bank_run)

But IMO freezing withdrawals would just add even more panic when the last thing you want as a bank is have more clients be anxious about their money.

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