I remember the interview when he said that, i was glad to see The King but frustrated of his words. These guys just need a bullet in the head not bank accounts empty.
Yes, a majority of people made runs on the banks, to secure their holdings. Many also found out that the banks had squandered their money in the typical, "well he isn't using it right now, let's invest it and return the money when he comes looking for it" ... Opps... Then they jumped out windows. Look out below!