I think the Federal Reserve and the Federal government have already demonstrated that there is no limit to how much "money" they are willing to create out of thin air to keep the financial system solvent, if it came to that. So, I think the risk of widespread bank failures all at once is remote. If people started panicking for some reason and rushing to their banks and ATM's all at once, the Fed or President will just declare a bank holiday until the PR damage control team can flood the airwaves with reassuring messages and every cable channel will be showing the good movies, like during sweeps week, to distract the masses.

I think it would take a tremendous event to panic the bulk of American's at the same time into a bank run, short of some drastic action from the authorities first, like a devaluation of the dollar.

Speaking of bank holidays, what's going on with Panama and it's bank holiday? Haven't had time to look into that at all. Doesn't sound like another Cyprus situation, but sounds ominous.