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A bank run like this would collapse any bank in the world. I get what you’re saying. But it is literally the fault of the people panicked and withdrew their dep
by more_corn 4y ago
A bank run like this would collapse any bank in the world. I get what you’re saying. But it is literally the fault of the people panicked and withdrew their deposits. And doubly the fault of the people who advised them to do so.
- NhanH 4y agoFaulting the people who withdraw their money is like faulting the fresher who crashes production. Yeah they could have avoided it, but really, this is the discussion point we want to focus on?
- justahuman74 4y agoSome of us work at companies who did a rapid withdrawal, and are sure hoping that's enough that the company doesn't run out of money and do layoffs.
- shawabawa3 4y agoIf that's true that's extremely worrying Are you saying every bank in the world has assets significantly less than liabilities due to over exposure on long term low interest rate bonds?
- lp0_on_fire 4y agoNo this is literally the fault of a mismanaged Bank causing its depositors to lose confidence. Imagine using this excuse in any other situation: "It's not the food poisoning at my restaurant that's causing me to go out of business it's those darned customers who stopped eating here!"