> it was insovlent if everybody decided to pull out their funds at once Which is the definition of insolvent. A normal bank just goes to the Fed as the lender

> it was insovlent if everybody decided to pull out their funds at once Which is the definition of insolvent. A normal bank just goes to the Fed as the lender of last resort but, apparently, they won’t lend money to insolvent banks so here we are.