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RE: Money School: Bank Runs Aren't What You Think

avatar of @jfang003
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@jfang003
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1 min read

I never really considered that but it makes sense. All of the money they are exchanging are just numbers on some computer system and the problem was that they didn't have enough money to pay that off. It makes me wonder about Credit Suisse because I heard the situation there was way worst due to all their bad business decisions.

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