What makes this thing even more interesting is that there is viral, wide-spread knowledge about banking - as opposed to 2000 or 2007. A bank run is one tweet aw

What makes this thing even more interesting is that there is viral, wide-spread knowledge about banking - as opposed to 2000 or 2007. A bank run is one tweet away. A lot of banks have similar asset books and asset values MUST go down as interest rates rise. So, banks are really screwed unless they offer MUCH higher interest rates on deposits ASAP. Because if they don't, most people are very aware of treasurydirect and will simply deposit there.