April 13, 2009 5:03 PM
Simon Johnson writes in Economix for the NYT that with the FDIC having unlimited drawing power from the FED in case of emergency and also with online banking, a depression era, consumer-type run on a bank in which people lined up to withdraw their money is no longer likely. However, a new kind of run where investors run from a bank’s equity and perhaps debt securities is a very real possibility.
More on this topic
(What's this?)
What's Different About this Week's FOMC Meeting
(Money Morning, 1/24/12)
The One Question We Must All Ask Ourselves
(Money Morning, 1/5/12)
Anglo Irish Bank Nationalized - Equity Worthless
(Top Foreign Stocks, 1/17/09)
Is it Time to Nationalize Banks? It May Be.
(Wealth Daily, 2/15/09)







