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Have you heard any rumors about bank panics?

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AlienGirl Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-01-05 06:07 PM
Original message
Have you heard any rumors about bank panics?
I heard people talking about stores in the Southeast going to a cash-only policy, and that this could start a bank panic. Has anyone heard any more about this?

Tucker
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Midlodemocrat Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-01-05 06:09 PM
Response to Original message
1. I shopped today and used my Amex.
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Lex Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-01-05 06:09 PM
Response to Original message
2. No.
But I did hear that both major gas lines have restarted now.

http://www.wral.com/news/4924789/detail.html


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rzemanfl Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-01-05 06:09 PM
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3. What's cash? n/t
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napi21 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-01-05 06:10 PM
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4. No, just some gas stations are asking for cash only.
I think it's because the station doesn't have to pay any credit card fees, no risk of bad or stolen cards, and until the pipelines are all functioning again, they're all short on gas. Biggest deal is that nobody carries cash anymore, but it's only for fuel so I wouldn't worry about the banks.
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