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"Banks are inherently brittle institutions, however much marble they put in their foyers" says Simon Cox.
In cases of bank runs--people queuing up to take their money out of a bank-- investors' fears become self-fulfilling, bringing about the very thing (eg, the collapse of a bank) they were afraid of.

made: 15 Aug 2007   for: The Economist, London.
link: economist.com
keywords: ›banks ›run ›solvency ›money ›waste ›banker ›collapse ›investor ›ecfoc ›economics ›crisis ›recession.