To quote Larry Kudlow: Free market capitalism is the best path to prosperity! Matters of business and free enterprise are discussed on this blog. Included are company press releases, 3rd party news articles and videos, articles and videos pertaining to small business, and white collar crime.
Search This Blog
Monday, June 30, 2014
Bulgaria tries to contain bank run - Jun. 30, 2014
Bulgarian authorities have made seven arrests and pumped more than $2 billion into the country's financial system in a bid to prevent a bank run spiraling out of control.
Officials blamed the rush to withdraw deposits on a coordinated attempt by individuals to destabilize the banking system by spreading unfounded rumors via social media, emails and text messages.