> If VCs hadn't panicked at herd-mentality stampeded $40,000,000,000 out of the bank in a day, forcing it to sell 10 year treasuries at depressed market rates,

> If VCs hadn't panicked at herd-mentality stampeded $40,000,000,000 out of the bank in a day, forcing it to sell 10 year treasuries at depressed market rates, it would have been fine. Is there any (publicly viewable) analysis of the extent to which this is - or isn't - true? It certainly would have survived longer, and for all I know maybe they would have been fine for the 6-7 (iirc) years remaining on those 10yr assets. But at the same time, with money no longer as cheap as it had been for a long time, it's likely that had they not had the immediate run they would have seen money gradually leaving the bank as less new money gets put into VC and as their startup customers gradually spent down their investment lump sums without raising any new money. Would that gradual trickle out have been strong enough to push them under in the following months or years even without a bank run?