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Because that's not how banking works. They aren't allowed to get a loan to cover liquidity obligations. They have to sell assets which takes time. If Peter Thie
by cjtrowbridge 4y ago
Because that's not how banking works. They aren't allowed to get a loan to cover liquidity obligations. They have to sell assets which takes time. If Peter Thiel starts screaming for everyone to withdraw their money, the bank can't keep up, and the FDIC steps in.