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The risk of a run on US retail deposits is negligible due to the FDIC. The credit crisis in 2007-2008 was driven by run-prone shadow banking assets outside the
by tfehring 8y ago
The risk of a run on US retail deposits is negligible due to the FDIC. The credit crisis in 2007-2008 was driven by run-prone shadow banking assets outside the purview of the FDIC, not by retail banking.
However, there is a significant risk of not being able to get a mortgage under reasonable terms in the event of another credit crisis.