There were many banks with plenty of liquidity to survive even the worst credit crunch. They are well capitalized and so conservatively run that even during the height of the hysteria there was no noticeable change in their customers' withdrawl patterns. Even the Great Depression didn't crush all banks and the "vacation" settled people's nerves without hurling indefinite capital at the largest offenders.

"Well" capitalized still means <10% capital ratio- IOW <10% of depositor $ is available for withdrawal. To achieve the immunity you describe requires "full reserve" banking where deposits and loans have matching maturity. No US bank practices that way.

Until this moment I've been discussing government overstepping it's Constitutionally mandated authority in regards to private entities.
This development merely adds further evidence to the building case of the State's interference and fits perfectly into our discussion.

OK. Well, if you want a depression, keep wishing for the things you say.