TN expects that the bank is going to fail

TN预期银行将要倒闭
and that he is going to withdraw money,

并且他会把钱取出来
then the safer thing for me to do is to withdraw money.

那时对我取钱也是最安全的做法
If one wants a simple theory

如果想要一个简单的理论
of why if you go to any American town

能够解释为何你去任何一个美国小镇
and you look for the most solidly built building,

寻找最坚固的建筑
with the most impressive fa?ade,

给人印象最深的建筑
it will be a building that was used as a bank,

基本都是银行
particularly if it was constructed before the era of deposit insurance.

特别是它是在存款保险时代兴起前建造的
It is precisely this notion of multiple equilibrium

多重均衡恰好解释了
that explains why banks, more than other institutions,

为什么是银行而非其他机构
are at such pains to project credibility

如此煞费苦心设计其可靠性