2 ms·
> No, the problem was that VC's led and pushed for the panic withdraw of all funds. If you knew that your bank was insolvent, would you withdraw your funds bef
by vkou 4y ago
> No, the problem was that VC's led and pushed for the panic withdraw of all funds.
If you knew that your bank was insolvent, would you withdraw your funds before SHTF? Or would you twiddle your thumbs until everyone else did that, and your accounts got frozen, with you sweating bullets over whether or not you'll be taking a haircut on your deposits?
Would your withdrawal be a 'panic', or simply a rational decision to not be the moron left holding what might be an empty bag?