The Coga Crisis

Igie: The week in march when everything was coming down. People hold treasuries with the expectation that they can rt them into bank deposits any time they want. So many people did panicad if you needed to me to meet invest your redemptions, and you couldn't sell your treasuries for liquidity,. What do you do? Well, you got to sell anything else right? Ah this is a classic problem that fet has never been able to fix.