Remember the Articles on Bank Runs?
This graphic shows that people are taking money out of European banks. Without personal savings to lend, banks have no supply to meet demand for loans. Why do you think the US is sending over $80 billion a week to Europe?
So why does anyone have money in the bank paying 0.04% (February 8, 2012)?
Goldman Sachs Fears Massive European Bank Run
Ben Bernanke: Who’s Lying Now?
Ever Wonder Why the Banks Are Paying No Interest on Savings Accounts?
Why Do You Have Still Have Money in a Bank?
Bank Of America Dumps $75 Trillion In Derivatives On U.S. Taxpayers With Federal Approval
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