> That is applicable to the era portrayed in the Mary Poppins movie, but not in a modern banking system. Even in the early twentieth century "bank runs" was som

> That is applicable to the era portrayed in the Mary Poppins movie, but not in a modern banking system. Even in the early twentieth century "bank runs" was something people would talk about when what was really going on was asset deterioration and breakdowns in the capital market. Not quite. Yes, bank runs nowadays are very rare, but they can still happen, as exemplified by Northern Rock in 2007[1] "On 14 September 2007, the bank sought and received a liquidity support facility from the Bank of England, to replace funds it was unable to raise from the money market. Reporting of this complex scenario led to panic among individual depositors, who feared that their savings might not be available should Northern Rock go into receivership. The result was a bank run – the UK's first in 150 years – where depositors lined up outside the bank to withdraw all of their savings as quickly as possible, particularly since many others were doing the same." [1] https://en.wikipedia.org/wiki/Northern_Rock#2007_crisis_and_initial_responses https://en.wikipedia.org/wiki/Northern_Rock#2007_crisis_and_...