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What Happens When You Have to Sell a Lot of Assets Very Fast?
The rate at which deposits are coming out of the bank can actually impact the asset value held at the bank. And that's fundamentally what a run on the bank causes. Within 24 hours, every CEO and every venture capitalist was on a chat group or on a message group with other people in the Valley. The reverse I think happened yesterday where the herd mentality drove us all to rush for the door as quickly as possible.