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When the next round of problems start up this is going to look pretty funny. There is another wave of credit problems coming and the banks are vulnerable to all
by jswinghammer 16y ago
When the next round of problems start up this is going to look pretty funny. There is another wave of credit problems coming and the banks are vulnerable to all of the same downside risk they were before all this started.
In 1931 the establishment thought they solved the problem and that things would get better soon. The collapse of the Austrian bank Creditanstalt proved them wrong and started a new series of problems.