> They had plenty of assets to cover all their deposits
No, they did not. If they did, then they could have immediately sold all their assets during this bank run, and there would have been no need for the FDIC to step in.
If they could not do that, then, by definition, they did not have enough assets to cover all deposits.
No, they did not. If they did, then they could have immediately sold all their assets during this bank run, and there would have been no need for the FDIC to step in.
If they could not do that, then, by definition, they did not have enough assets to cover all deposits.