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The run he's describing there is fundamentally the same as a run on retail banks. Retail banks in the US are pretty much run-proof due to the FDIC, but that's n
by tfehring 6y ago
The run he's describing there is fundamentally the same as a run on retail banks. Retail banks in the US are pretty much run-proof due to the FDIC, but that's not the case for the shadow banking system.