Comments by "Deborah Freedman" (@deborahfreedman333) on "Video shows violent reaction to China bank protest" video.

  1.  @AVGII  It isn't happening now. But it did happen in the past, during the Great Depression. FDR declared a bank holiday, and prevented people taking their money from the bank. Banks still demanded mortgages be paid, and took money in. They just wouldn't pay out.
    3
  2. Americans have faced the same. Remember FDR's bank holidays? My mom's parents lost their home because of it. They had enough money in the same bank that held their mortgage, but could not access it to pay their mortgage.
    2
  3.  @minnermin  No. It was not the same in 2008. You could get your savings out of a bank. But, during the Great Depression, due to a run on banks, FDR declared a bank holiday. That destroyed a lot of people's lives. FDIC is supposed to prevent a reoccurrence.
    1
  4.  @commonsense504  Imagine not knowing about deposit insurance.
    1
  5.  @bannedvids  FDIC is supposed to prevent it happening again.
    1
  6. It's called a bank holiday here.
    1