There is a full-on run on the bank at First Republic today. People lined up out the doors of their branches moving their money out. Kind of insane. First Republic was *probably* fine. But a full on bank run is almost certainly going to cause them to collapse on Monday.
No bank is fine in a fractional reserve system if too many people withdraw.
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I'm aware of how the system works.
Sorry, wasn't trying to insinuate that you didn't. Just making a point that "fine" is relative to what the people are doing.
