Misrepresenting a bank’s liquidity is a time-honored tradition to stave off a run. The saying is that corporations die of cancer, but financial firms die of heart attacks.
The Chickenshit Club by Jesse Eisinger (pg. 240)
Misrepresenting a bank’s liquidity is a time-honored tradition to stave off a run. The saying is that corporations die of cancer, but financial firms die of heart attacks.