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I'm tempted to say "so what?" If the fundamentals are sound, a bank run would be a liquidity crisis, not a solvency crisis, right? So we'd have to provide liquidity (with strings attached, of course, but we're assuming that things are properly planned for ahead of time, right?). But that doesn't cost the taxpayers money or debase the currency, does it?

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Oct 1st, 2008 at 10:44:04 AM EST
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