Roughly speaking: They were holding some candies that became less valuable because you can buy better candies for the same price in the shop. They needed the m

Roughly speaking: They were holding some candies that became less valuable because you can buy better candies for the same price in the shop. They needed the money, so they had to sell those candies for cheaper. Some friends of theirs noticed they were selling those candies for cheaper and started getting suspicious and panicky and asking for their toys back. * Candies - fixed income securities, like mortgage backed-securities and US treasuries * Candies becoming less valuable - government raising the interest rates, which makes fixed income products, like treasuries and mortgage-backed securities less valuable, because you can get the same securities but with higher returns in the market * Friends panicking - investors and depositors * Friends asking for their toys back - withdrawing money from the bank, which starts the bank run