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OBVIOUSLY the bank failed because of the bank run. What the hell does that have to do with the pertinent question of: was it rational to withdraw? Those that

by PKop 4y ago

*OBVIOUSLY* the bank failed because of the bank run. What the hell does that have to do with the pertinent question of: was it rational to withdraw? Those that panicked first won. Those that didn't lost.

parasubvert 4y ago
Won? Lost? Are you 12 years old? A bank run is a self fulfilling prophecy driven by irrational fear. It is, by definition, irrational. It also doesn’t happen much any more because most banks aren’t susceptible to them (ie. have 90%+ deposits uninsured).
- deleted 4y ago
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