> No banking investment is safe if there is a run on the bank This isn't true. Runs can only happen when a bank has insufficient liquidity. Such as when it hol

> No banking investment is safe if there is a run on the bank This isn't true. Runs can only happen when a bank has insufficient liquidity. Such as when it holds long-dated bonds that it purchased at historical rock-bottom low interest rates. > If the bonds didn't need to be sold, they would have paid out. This is the "you don't lose money unless you sell" fallacy. Which yes, is actually a fallacy. (Note the fallacy is useful to use, psychologically speaking, to try to manipulate panic-susceptible individuals into doing the sane thing and not panic selling every dip; that doesn't make it less of a fallacy though)