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Do you not think that the average person would be more than $60 worse off if there were knock-on bank runs and a partial banking system collapse.
by sebzim4500 4y ago
Do you not think that the average person would be more than $60 worse off if there were knock-on bank runs and a partial banking system collapse.
- iudqnolq 4y agoDoes the avg person hage at least $250,060 in the bank? Obviously a system-wide crash would hurt, but a handful of weak regional banks failing wouldn't hurt the average person.
- ummonk 4y agoThe point is that banks would incur costs from protecting themselves against a spate of runs on the banks and if it's true that banks pass on all their costs then those costs would be passed on to their customers.