[toast0]

I mean, if people run, the bank or credit union will fail. But people are fundamentally lazy and there's not much of a difference between getting your money on thursday and the next monday, so there's less urgency. People are also fundamentally panicy too, so I agree there's still a risk.

Stock market 'circuit breakers' that halt trading when the stock moves too fast seem to be pretty helpful. Maybe banks need something that halts withdrawals when they reach 10% of last reported deposits. (Spit ball: each depositor may withdrawal at least 10% of their current balance or last two statement balances, whichever is more, any excess is allocated on a dollar basis across the day's withdrawal requests. Some mechanism to pre-request funds so you can be sure you can wire large payments for houses, etc)

[dhosek]

Edwards: Why the big secret? People are smart. They can handle it.

Kay: A person is smart. People are dumb, panicky dangerous animals and you know it. Fifteen hundred years ago everybody knew the Earth was the center of the universe. Five hundred years ago, everybody knew the Earth was flat, and fifteen minutes ago, you knew that humans were alone on this planet. Imagine what you'll know tomorrow.