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by waterhouse 2287 days ago
So, if a couple of banks collapse and many people lose confidence, then exactly who gets hurt and how? If a bunch of "morons" go pull their money out of a bank, that might ruin the bank, but FDIC insurance is supposed to protect against the worst of that. What's the path that leads to the "entire US economy dying"?
1 comments

Yes, I think most folks here know what a back run is. The FDIC was instituted after the Depression specifically to limit the damage caused by bank runs.
Better to avoid the damage in the first place.