As for bank runs, no one cares. The big banks no longer need retail customer deposits as a source of capital for fractional reserve lending. Modern bank funding mechanisms are more sophisticated than that.
In which the FDIC took unprecedented action, drawing down the DIF to backstop depositors beyond the insured $250k and offering a credit facility to other banks, in order to prevent "contagion" - a panic, a bank run - which was presumed to be likely after the 3rd largest bank collapse in US history. A bank almost no one outside of California had heard of before it died.
Bank runs are serious business, and far from being something "no one cares" about, even just talking about them makes banks nervous, because they can happen to even "healthy" banks. The big banks have been undercapitalized for more than a decade, and even a moderate run on a regional institution threatens the entire system. Which is why it should be done, or at least signaled as incoming; it's good leverage.
>You're free to take a vacation or quit working if you want to. Go ahead.
Anyway, corporate depositors have a duty to safeguard their capital. That means that if a bank run is underway by retail depositors, they're in line too, willing participants or not. This is why, again, even discussion of bank runs is discouraged, and their likelihood and effectiveness downplayed. They're built on turning the imperative of self-interest, which the financial industry is built on, on its head.
Collective humanity needs to think this matter through and take global action. This is the only way I fear, short of natural calamities (act of God) that unplugs humanity from advanced tech for a few generations again.
What? I don’t know anybody who has a layoff-proof position.