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Five Bank Robberies in One Day
By
Jen Chung
Published Dec 30, 2008
Modified Dec 30, 2008
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By
Jen Chung
Published Dec 30, 2008
Modified Dec 30, 2008
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The uptick in bank robberies has been chalked up to the friendly bank branches, but let's face it: It's also the economy, stupid! The NY Times frames its story about increasing bank robberies with the five bank robberies across the city: In Manhattan, the TD Bank at 62nd & Broadway; in the Bronx, a WaMu on Westchester Avenue; in Queens, an HSBC in Long Island City (43rd Ave); and in Brooklyn, the Valley National Bank on Avenue J ("near the border between Flatbush and Midwood") and the Sovereign Bank on Manahttan Ave in Greenpoint. A former banking executive says, "It's well documented that during a recession, bank robberies go up. But also, this time of the year is the busiest time for bank robberies. So you combine those two together and it becomes a dangerous time for bank employees."
Tagged
bank robbery
crime
recession
robbery
Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
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Gothamist is funded by sponsors and member donations
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