Banking and You
To celebrate a sub-150 point market loss for the weekend (and a narrow dodge of sub-8000 in the DOW...phew, only 40% down off last year!!1!), I bring you a brief history of banking in the US and the WSJ's thoughts on new panics precipitated by opaqueness in the Treasury. The first article is particularly relevant, considering the US has now decided to place stakes in many troubled banks - a very "Hamiltonian" move indeed.
To celebrate a sub-150 point market loss for the weekend (and a narrow dodge of sub-8000 in the DOW...phew, only 40% down off last year!!1!), I bring you a brief history of banking in the US and the WSJ's thoughts on new panics precipitated by opaqueness in the Treasury. The first article is particularly relevant, considering the US has now decided to place stakes in many troubled banks - a very "Hamiltonian" move indeed.
Labels: crisis
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