Greek Bank Run Continues Unabated: €3.8 Billion In June Outflows Bring Total Deposit Base To Mid-2007 Levels

Tyler Durden's picture

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Iriestx's picture

200 point bounce in about 90 seconds.  I smell QE3 announcement frontrunning.

dbach's picture

And how many people will crap their pants if the announcement is only continued accomadation for an extended period?

Iam_Silverman's picture

"And how many people will crap their pants"

The buyers at the Fed's SOMA desk who are trying to telegraph QE3 to the Queasy public?

Arch Duke Ferdinand's picture

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The only people who know what business Wall Street is in are the traders. They know what business Wall Street is in better than everyone else......""

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DonnieD's picture

The Greeks should outsource this data point to the BLS. Then we will see massive inflows.

Drag Racer's picture

of course Greece would then be revised

oogs66's picture

august 20th is big date for greece...they need a lot of money to pay what they have due...they probably get it, but better safe than sorry

Sudden Debt's picture

HAHAHA!!

THEY DIDN'T GET THE BERNANKE SPEECH MEMO!! THE ECONOMY IS SAVED!!

How stupid will those who withdrawl their money feel when all their effort is for nothing....

 

chubbar's picture

Meanwhile a flurry of paper gold is being sold in order to corral the gold market and show all is fine with the fiat money system.  P.S. please drive the price down so I can get more physical at a discount with my bernanke bucks!!!!

g speed's picture

say it again and again--he who panics first panics best.

Caviar Emptor's picture

All getting converted to gold. 

Oh and Goldman's $2,500 target by year end? They got it from me, here on ZH (2,400) :-) 

choorles's picture

coming to a bank near you!!!

educate your friends before this happens to your bank!!

buy silver. buy bitcoin. www.silverrevolucion.com

GD's picture

Remember what Argentina did? Default, seized pension money, froze bank accounts to raise cash.....Yesterday the Greeks imposed no more short selling in the market. Defaults and freezing assets are a real possibility...In panic Govts will do whatever they want..

If I were a Drachma dude, I would have long ago taken all the cash out of the banks and liquidated assets to cash and gold.

I reality that is what a lot of people are doing all over, including myself..

youngman's picture

Why does a bank need deposits or customers when you have a government to bail you out and pay your bonuses????

Iam_Silverman's picture

"Why does a bank need deposits"

To fund their prop trading desks?

max2205's picture

All reports are hereby canceled

Peter K's picture

Eur/CHFunder 1.0500 ;)

Explains where the Euro's are migrating. If I got paid in Euros, and could buy 1 CHF for my 1 Euro, I would take that deal. In a heart beat;)

chinawholesaler's picture

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