Glenn, you said the SVB bank collapse was "the second largest bank collapse in US history". When was the biggest collapse? Also, you said bank runs are contagious and that many people might go to their local banks and demand their money, which could result in the collapse of many banks ... possibly even this week. My question is: Back wh…
Glenn, you said the SVB bank collapse was "the second largest bank collapse in US history". When was the biggest collapse? Also, you said bank runs are contagious and that many people might go to their local banks and demand their money, which could result in the collapse of many banks ... possibly even this week. My question is: Back when the biggest bank collapse in US history happened, did that scenario play out? (Meaning, did a lot of people go to their banks to get their money out and did it cause the collapse of many banks?). I'm just curious what happened after the biggest bank collapse in US history.
Glenn, you said the SVB bank collapse was "the second largest bank collapse in US history". When was the biggest collapse? Also, you said bank runs are contagious and that many people might go to their local banks and demand their money, which could result in the collapse of many banks ... possibly even this week. My question is: Back when the biggest bank collapse in US history happened, did that scenario play out? (Meaning, did a lot of people go to their banks to get their money out and did it cause the collapse of many banks?). I'm just curious what happened after the biggest bank collapse in US history.