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But what set of circumstances would lead to this specific sequence of events? "Every bank customer wants to withdraw all of their money into cash on the same d
by Frondo 8y ago
But what set of circumstances would lead to this specific sequence of events? "Every bank customer wants to withdraw all of their money into cash on the same day." ???
I don't mean this as snark but that's a hypothetical that seems far less plausible than a lot of other world-ending scenarios, so I'm curious why you so much stock in its risk profile.
- nickelcitymario 8y agoThe fact that it has happened before?
- Frondo 8y agoWhen did a bank run on "all the banks" happen? Referring to what you said here: > But what if it happened to ALL the banks?
- nickelcitymario 8y agoUnless I'm mistaken (and I've been mistaken a lot today): Japan 1927 Argentina 2001 Myanmar 2002 Is it frequent? No, but it's not entirely without precedent either.