These banks failed because there was a run on the banks, says Mendon's Anton Schutz

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[eco-enjoyer]

To clarify this clowns' statement: It's illegal to ORGANIZE a run on banks. It's not illegal to withdraw your money from a bank for any reason in any way shape or form. He lost his investors a ton of money and is trying to literally scare people into keeping their money there.

[bg]

Yeah blame the people for wanting to get their money for a banks mismanagement of these people's money. If banks want to invest and lend to the max and too many people want to withdraw too much all at the same time and the bank can't cover the withdraws, then that is 100% the banks fault. People are allowed access to 100% of their money whenever they want.

[fumble_brewski]

Just the opposite: there was a run on the banks, because the banks failed.

[moe]

Wealthy investors encouraged business to withdraw ALL their money. This was not a coincidence. And no we shouldn't bail the bank out.

[frpgplayer]

Strange runs cause failure.

When things look bad in stocks, sell.
When banks look bad, withdraw.

[JohnDoe-efwo]

They failed because they're corrupt and poorly managed. Not because there was a run on them. The run was a symptom of the mismanagement

[district_]

This guy is not going to be buying these Bad Banks when you send him money. He’ll be shorting them😂

[KB-nteg]

This guy is talking about prosecuting people on social media for creating a bank run.

He's blaming people, for the banks not having the money they're supposed to have.

'If people didn't try and take out their money, there wouldn't have been a problem with the bank.'

This clown world.

[Marycelestial]

Well I am not running but doing a slow withdraw here in Australia.

[stuarthayward]

So he’s saying it should be illegal to remove all YOUR money from banks. Is it THEIR money or YOURS?

[hankwells]

It's a crime to withdraw your money lmao clowns

[jollymountain]

THESE BANKS FAILED BECAUSE THERE WAS A RUN ON THE BANKS

Thursday, March 9, several venture capital firms withdrew $42 billion, leaving the bank with a negative cash balance of about $958 million

Did Peter Thiel’s Founders Fund advise large portfolio companies to withdraw money from the bank? If he did, by doing so, did he contributed significantly to the bank run?

[jimbojimbo]

I never knew it was illegal to do a run on the bank

[LNSAI]

Here we go, stop blaming social media for your crap planning and risk management

[Benzene]

I learned nothing from this dude... but I learned the word" crooked " today

[JeffHuntsinger]

LMAO, your finance "wizard" Jim Cramer was just telling us TO BUY SVB stock?! What a charlatan!!

[Allin]

Stop putting fools on your network like this man

[josecastro]

If you back every deposit, it gives the green light to banks to invest carelessly.

[royrice]

Out of control panic, causing a run on the banks, is what caused the Great Depression. But that could never happen again…..Could it? 😳

[UziGameGP]

Finally someone says it. people who trigger bank runs, be it clickbait Youtube thumbnails or crying on twitter, they should be prosecuted.