There may also be an equity crisis that is masquerading as a bank run.
Things may be much worse than Patrick thinks they are, even if he is 100% completely honest. (Though naive, it's not like lots of people didn't tell him this would happen.)
Exactly. A few posts up I read Patrick has 1000 BTC at hashking, and "isnt worried about it".. Hashking is a broke scammer who invested all his money (and money that wasnt his) with pirate. Who knows how much more such toxic debt Patrick holds? He may not know himself, but my guess is a lot of it went directly or indirectly to pirate through a myriad of schemes, bonds and "insurances", and that only just began to unravel.