I'm fairly certain that's how a bank run operates, and what we have here is a bank run. Each individual person who withdraws isn't to blame, but it's the collective actions that cause the problem. In fact, all that is needed to cause a bank run is just the idea / notion of instability. Once it gets into people's heads that something is unstable, it will be made to be so, even if all that was needed was calmness. Probably hitting the panic button wasn't the best move.