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That just indicates they didn't have liquidity to cover every deposit, which is true for basically every bank that doesn't charge you to store your money in a v
by ummonk 4y ago
That just indicates they didn't have liquidity to cover every deposit, which is true for basically every bank that doesn't charge you to store your money in a vault.
- capableweb 4y agoWhich I guess makes it about semantics. If everyone takes out there money one at a time, one person each week, over years, they would be solvent. But if everyone did it at the same day, they wouldn't be able to handle it, making them insolvent.