4 ms·
Bear Stearns was the first shoe to drop. Intervening would have spooked the market. Later implosions were addressed because there was no alternative. Unless yo
by Octokiddie 4y ago
Bear Stearns was the first shoe to drop. Intervening would have spooked the market. Later implosions were addressed because there was no alternative.
Unless you experienced that time, it really hard to understand the pervasive denial of what was obviously happening.
You'll see the same thing happen this time around, and will have an equally hard time conveying just how strong the denial was.
- Ancalagon 4y agoWhen and where does the next shoe drop this time then?
- Octokiddie 4y agoIt's possible we haven't seen the first shoe yet, and bank failures like this one are just the canaries dropping dead. To speculate about where that first shoe might be in this case and who's wearing it, it might help to consider where the buck ultimately stops.