Friday, October 26, 2012
Modern Bank Runs
It always amazes how calm and self assured news journalist are when commentating about the collapse of the 2nd largest Bank in US history. And the sheer fact that many will lose a considerable portion of their life savings. The economics correspondent makes reference to the Massive losses (on the stock market) by Washington Mutual and National City bank. Washington Mutual alone lost 34.8 (Monday July 14208) So one has to ask , what's next? considering the massive losses by Washington Mutual, I
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