WASHINGTON, Feb. 24 -- The House Financial Services Subcommittee on Financial Institutions and Monetary Policy issued the following written testimony by Simon Johnson, professor of entrepreneurship at the Massachusetts Institute of Technology Sloan School of Management, involving a hearing on Feb. 15, 2024, entitled "Lender of Last Resort: Issues With the Fed Discount Window and Emergency Lending": * * * A. What Have We Learned? 1) In a traditional bank run, depositors lose confidence in one  more PR