Outside the Box: Bank failures now happen at warp speed. The Fed needs to do more to stop them

The 1946 film “It’s a Wonderful Life” features the classic depiction of a bank run. Depositors storm the fictional Bailey Savings & Loan and line up to pull out their money, ratcheting up the tension as George Bailey tries to convince them — one-by-one — that the institution is viable. In today’s…

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