
#174 Akhil Patel - This valuable signal could infer the market direction for years
State of the Markets
The Problems With Banks in a Panic
By 1907 some banks would send out the money in quite small coins or whatever. I'm sure that a condition of deposit insurance is that you actually on a way that depositors are asking for and do it quickly. But no the point is that if you can somehow slow it down, this sort of herd mentality, this coordination of everything kind of going out at once. It's very difficult. The system is vulnerable now because banks have very large customers. And that makes it more problematic.
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