Very few people realize that when they give their money to the bank, the bank owns 100% of the money and all you get is a promise by the bank to let you withdra

Very few people realize that when they give their money to the bank, the bank owns 100% of the money and all you get is a promise by the bank to let you withdraw an equivalent amount money with certain restrictions (usually also insured by the FDIC). With fractional reserve banking the bank isn’t lending out your money... they’re lending out their own money, and you also have a contract with the bank for a similar amount of money. When a crisis like Cypress happens, it isn’t a failure of the bank to return its customers money, it’s a failure of the bank to honor their contracts.