
What the banking turmoil means for investors’ portfolios
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Bank Runs Aren't a New Phenomenon
Bank runs aren't a new phenomenon. What is new about this episode? And what does it tell us about bank stress in the 21st century? I think it's possible. It does require an act of Congress, and it's not clear that the votes are there yet. But I do think it is something that could happen if we do see further deposit runs over ensuing weeks and months.
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