And that's why this collapse will continue. Because they're all playing this irresponsible shell game.
You might try to claim that it's okay because that's just how it is, but that's hardly a decent argument given that the results sure aren't going your way.
If they had the cash like they say they did, a run would not kill them. That only happens when you can't cover your deposits.
So they were over stretched to the point of having forty percent or less of their deposits? Boy, if I had them for a bank I'd get my money out quick.
And that's why this collapse will continue. Because they're all playing this irresponsible shell game.
You might try to claim that it's okay because that's just how it is, but that's hardly a decent argument given that the results sure aren't going your way.