Harvard Economist Expects Bank Runs, Withdraws $1 Million from BofA

Is your money safe at the bank? An economist says ‘no’ and withdraws his. Terry Burnham, former Harvard economics professor, author of “Mean Genes” and “Mean Markets and Lizard Brains,” provocative poster on this page and long-time critic of the Federal Reserve, argues that the Fed’s efforts to strengthen America’s banks have perversely weakened them. […]