Both my crystal ball and specially my readings point to a sad reality that money institutions have already started a bank run. These institutions (pension funds, mutual funds, insurance funds, etc) have tried to liquidate into cash or simply have done a cash out and, voila, it no longer is easy to take cash out. Some of these money institutions have been waiting days and days to see the cash materialize or transferred inhouse. They were not totally liquidating yet – they were just testing the waters by withdrawing portions of their balances. Will these revelations make them more paranoid?
However, no need to panic for us little peons outside of Countrywide because we are not big-money institutions.
