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by jejeyyy77 1183 days ago
I'd argue that most people simply don't know what is going on and think that their money is being stored in a bank vault.
2 comments

tbf, this group have a better handle on how things work than the people who live in existential fear of bank runs because they're oblivious to the fact that a solvent bank can always borrow enough money to fulfil withdrawal requests (with FDIC kicking in only when the bank is insolvent)
Remains to be seen IMO - esp. in the age of social media.
Social media has nothing to do with the fact a solvent bank can borrow enough to offset its entire loan portfolio
True. I suppose if we combine both groups, that covers the vast majority of people.