3 ms·
So prior to this week, the last real US bank runs -- in the classic sense, a Type 3 caused by information-fueled panic -- were between 2007 and 2008. In chrono
by MrFoof 4y ago
So prior to this week, the last real US bank runs -- in the classic sense, a Type 3 caused by information-fueled panic -- were between 2007 and 2008. In chronological order: Countrywide Financial (2007-08), Bear Stearns (2008-03), IndyMac Bank (2008-07), Washington Mutual (2008-09) and Wachovia (2008-09). Wachovia specifically was a, "silent run".
Before that? Basically you have to go back to the 1930s. There were some issues during the Savings and Loan Crisis (ex. Ohio), but none are considered to be Type 3s.
We have managed to go backwards 90 years.