But the issue with bank runs is that little old ladies lost their life savings. Who cares if hedge funds lost their money because of a run in the bank. Besides

But the issue with bank runs is that little old ladies lost their life savings. Who cares if hedge funds lost their money because of a run in the bank. Besides, it seemed from the outside to very much be a solvency/asset price issue. Mortgages were being defaulted on, money was owed. If GS or AIG went out of business and ended up being a subsidiary of Burry's fund, who does that hurt. GS's customers have their money/shares GS manages sequestered so it's not like Main Street would lose their portfolios (although they would have to write down the value)