You may want to read up a little. People did and do abandon banks en masse if they suspect their money is not safe. "The FDIC was created in 1933 in response

You may want to read up a little. People did and do abandon banks en masse if they suspect their money is not safe. "The FDIC was created in 1933 in response to the thousands of bank failures that occurred in the 1920s and early 1930s. As the FDIC celebrates its 75th anniversary, we present a historical perspective on the rich history of protecting consumers." http://www.fdic.gov/about/history/index.html http://www.fdic.gov/about/history/index.html http://en.wikipedia.org/wiki/Bank_run http://en.wikipedia.org/wiki/Bank_run