The evolution of panic hoarding started with 3M N95 masks, then hand sanitizers, non-perishable foods, guns and ammo, and now cash?
A video surfaced on Instagram on Saturday, showing a possible bank run in Baltimore City at the MECU Credit Union, located at 2337 E Northern Pkwy.
The area is considered low/middle class working families (predominantly African American community). The video shows a large line of cars on Saturday afternoon and a line at the ATM. People weren't cashing in their paychecks because many people were laid off, as we noted, more than 14 million people in the last several weeks have lost their jobs across the county, and what we could be looking at is the beginnings of a bank run.
"As soon as the National Guard rolled into Baltimore City – many folks asked themselves – is this a revisit of the Freddy Gray unrest back in 2015," said Teresa Davis, owner and operator of Teresa Davis Productions.
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11 comments:
huh? they must have all been drug dealers because nobody else in baltimore has any money to put into a bank account. Baltimore is a mess.
I'm going to give some credit to the folks in that "low/moderate income" area for keeping their cool for so long.
For now, anyway.
Warm temperatures ahead next weekend and that magic $1200 check still about two weeks away, things are going to get real dicey, real quick in the "low/moderate income" areas of Baltimore.
Civil unrest is coming as sure as the sun will rise tomorrow.
Folks you ain't seen nothing yet. Let this drag on into summer, and all hell is going to break loose. We Americans are not accustomed to being held back by anything. Not even death.
All it’s going to take is one building fire and a city wide riot will begin.
So, just think of what's growing on the touchscreen of the ATM.
Unless you already have direct deposit with the FED the check will not mail for months.
When all you can do is sit at home and watch the news you go into panic mode, the best thing you can do is turn off the news.... lots of good news about the virus but the media ignores it
Drug dealers there got their CASH already !!!
Many lower income people and minorities conduct their daily activities in cash, as they don't qualify for checking accounts or credit cards. They need cash to go to the stores to shop for essentials. No surprise they are running to the ATMs.
April 7, 2020 at 10:52 AM:
The drug dealers are making deposits, not withdrawals
Hookers don't use the bank !!!
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