4 ms·
Does 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 th
by iudqnolq 4y ago
Does 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.