this post was submitted on 20 Aug 2023
700 points (96.8% liked)

Asklemmy

44152 readers
709 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy ๐Ÿ”

If your post meets the following criteria, it's welcome here!

  1. Open-ended question
  2. Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
  3. Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
  4. Not ad nauseam inducing: please make sure it is a question that would be new to most members
  5. An actual topic of discussion

Looking for support?

Looking for a community?

~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~

founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[โ€“] MacroCyclo@lemmy.ca 3 points 1 year ago

I don't know if it is quite as simple as that. Most recently the bank failures were because those banks got upside down on bond holdings due to rate increases. If everyone chilled out and took their money out in appropriate time, then the bank would have had all the money. They just couldn't get all the money immediately due to the duration of their bond holdings.