Part 6/11:
The core issue lies in the structure of the American banking system, which operates on a two-tier system since the 2008 crisis: a handful of large banks have explicit government backing, while smaller institutions rely on the Federal Deposit Insurance Corporation (FDIC) guarantee of $250,000 per depositor. This system worked until rapid withdrawal scenarios—exacerbated by social media and instant access via smartphones—began to threaten bank stability.