SMRs and AMRs

Wednesday, April 15, 2009

Burr Encourages Run On Banks

Rachel Wiener
HuffPost

Via Washington Monthly, North Carolina Republican Sen. Richard Burr has taken an interesting approach to the economic crisis. He told constituents Monday that when major financial institutions started collapsing last fall, his response was to make a run on the bank before all the money was gone:
On Friday night, I called my wife and I said, 'Brooke, I am not coming home this weekend. I will call you on Monday. Tonight, I want you to go to the ATM machine, and I want you to draw out everything it will let you take. And I want you to tomorrow, and I want you to go Sunday.' I was convinced on Friday night that if you put a plastic card in an ATM machine the last thing you were going to get was cash."
(Continued here.)

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