"A bank run happens when too many people try to withdraw their money from the bank at the same time. If banks don't have enough money available to match withdrawals, they can collapse entirely when a bank run happens.

[...]

Some banks have tried to be "safe banks" which don't lend out or invest depositor funds. However, their applications have been denied by the Federal Reserve, which means they can't legally operate as banks.

#Bitcoin #plebchain

https://bitcoin.rocks/bank-runs

Reply to this note

Please Login to reply.

Discussion

No replies yet.