A Manhattan Bank Is Emptied of $100 Bills
A heist is not what is being reported. Apparently, there are 1% per centers that are reacting to the coronavirus by taking large sums of cash out of their bank accounts, principally in $100 bills. So many Benjamins have been handed over to customers that the bank has had to restock. It's a different kind of run on a bank.
I haven't yet read that the Aqueduct crew has been caught, so I have to wonder if they're now going to start hanging around outside Park Avenue banks and start clocking customers leaving the bank and treating them like an overstuffed ATM. Anyone carrying a case of some kind might make a tempting target.
The story goes that one customer took out $50,000 in $100 bills on Friday. A few banks in the Park Avenue/52nd Street area are reporting a run on liquefying assets.
And apparently, this is really nothing new. After 9/11 banks reported dispensing globs of cash to customers. What these people are worried about is of their own imagination.
They remind me of Scrooge McDuck who loved being surrounded by his piles of gold coins. As a kid, I always like old Scrooge there. I also like Donald and his nephews, Huey, Dewey and Louie. What name can we attach to the $100 bill hoarders?
But fear not. Unlike toilet paper, the Federal Reserve reports there is plenty of large denomination paper currency to stem any fear that the entire monetary system is going to collapse.
Since Sears Roebuck no longer carpet bombs the earth with their tissue paper thin catalogs, and there might be a temporary short supply of toilet tissue, please don't tell me there might be those who use U.S. currency in the bathroom.
It might be messy, but I hope for their sake they will recycle the paper.
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