| − | Midas knew better than merely to walk away from his offices at the Mulligan Bank. He started calling all his depositors and encouraging them to withdraw their funds. This allowed him to call in the loans that the bank had outstanding. So well did he orchestrate what was actually a "controlled bank run" that not a single depositor lost money. When bank examiners audited the books later, they found that those books balanced exactly—to the last penny. The Mulligan Bank was wiped out, but its depositors were safe. | + | Midas knew better than merely to walk away from his offices at the Mulligan Bank. He sold all his loans, a few at a time, to other banks. Then one day he left orders to notify his depositors to withdraw their funds. So well did he orchestrate what was actually a "controlled bank run" that not a single depositor lost money. When bank examiners audited the books later, they found that those books balanced exactly—to the last penny. The Mulligan Bank was wiped out, but its depositors were safe. |