For 21 minutes and 53 seconds, I highly recommend this video. It gives so much context and describes the situation in as neutral of a tone as it's possible with a sprinkle of dry humor. Also, Patrick takes it a step further by answering the question if something like this could work again as well as discuss how this system that emerged compares to modern day cryptocurrency systems.
* https://www.youtube.com/watch?v=mFIQWWt4UaA
* https://en.wikipedia.org/wiki/Irish_bank_strikes_(1966–1976)