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Classic bank run led to historic bank failures, says ex-Trump adviser Gary Cohn

Por: CBS News Business March 14, 2023

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The startling collapse of two major banks —  — was caused by a classic bank run, Gary Cohn, vice chairman of IBM and director of the National Economic Council under the Trump administration, told CBS Mornings. We had a situation where people got scared about a bank's ability to return depositors' money and depositors wanted their money out, he said.Cohn said a bank run in the present day looks different from what we might expect.... + full article



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