What would the experience of a bank run be like today?
We have all seen the movie It’s a Wonderful Life with Jimmy Stewart. Jimmy plays the President of a small savings and loan bank and in one of the pivotal scenes of the movie he prevents a bank run by talking to the customers and explaining how the bank works. Bank runs have been prevalent in the U.S. since the founding of the country as noted in various panics throughout the 19th and 20th centuries. But will a bank run today be like the bank runs we have experienced in the past? The answer, probably not. In a very weird way, a bank run today could be a quiet unsettling type of experience. The…
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