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Expat Community > Ecuador

 classic view

Run on Banks . . .

14 years ago
In typical expat fashion, hundreds, if not thousands, started a run on Mexican Banks today, especially in La Paz.

Due to rumors and uncertainity, the expats either withdrew cash, or wired it back to the U.S.

Maybe it had something to do with the buzz on the 30% rule, or that the IRS was comin snoopin; but who knows.

At any rate, before getting the facts, it appears that many expats went, "nuts," again, and before ya know it, we have a full fledged run.

Some of these expats can't be taken anywhere.

Amicus

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