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The bank had over 200 billion in assets. Would 200 million even be more than a counting error when a bank run happens?
by suddenclarity 4y ago
The bank had over 200 billion in assets. Would 200 million even be more than a counting error when a bank run happens?
- m00x 4y agoBecause they have a fiduciary duty to their depositors, not themselves. If you control a bank, you make sure that every cent is where it's supposed to be, and that your customers are taken care of first.
- suddenclarity 4y agoNaturally and I doubt anyone would argue otherwise. My point being that OPs comment, about the size of a rounding error was the real reason for the bank going bust, seems highly unlikely.