The National Bureau of Economic Research, which provides the start and end dates for recessions, has issued a working paper that says none of the big banks can survive a bank run for even 30 days.
“The revised tests suggest it is unlikely that any of the six banks would survive a liquidity crisis for 30 days. This negative finding is most clear-cut for Goldman Sachs and Morgan Stanley,” says Laurence Ball from the Department of Economics at Johns Hopkins University.
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