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Run on the Banks?

Tuesday, July 15th, 2008
Posted in Uncategorized by Joel Gross

Apparently, some banks have started to have serious financial trouble. A few banks are rumored to currently have depositors making a run on them. Very dangerous situation… it’s like having a massive boulder teetering on the edge of a cliff. If a couple small breezes hit it, the boulder will start smashing it’s way downhill. Everyone, including the President of the United States, continues to try to downplay the situation, but I think it is dire. I think we are in a recession and if we don’t get very lucky, we will plunge into a serious depression.