The serial liquidation has caused many financial institutions to become insolvent in an instant. Personal deposits cannot be taken out in financial institutions, or even returned to zero Many are forced to sell high-quality assets at low prices, pay down debt or pay living expenses Some financial institutions with sufficient reserves under normal circumstances, Could be on the verge of bankruptcy due to a sudden saver run Eventually, when the leverage of the entire system falls to a relativel...

The serial liquidation has caused many financial institutions to become insolvent in an instant. Personal deposits cannot be taken out in financial institutions, or even returned to zero Many are forced to sell high-quality assets at low prices, pay down debt or pay living expenses Some financial institutions with sufficient reserves under normal circumstances, Could be on the verge of bankruptcy due to a sudden saver run Eventually, when the leverage of the entire system falls to a relativel...