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Staring at the abiss with Paul Krugman | 235 comments (235 topical, 0 editorial, 0 hidden)
bank runs (none / 1)
Have any of you people who blithely say that bank runs "are already happening" have any idea what bank runs are? Especially nation-wide ones?

Seepage is what's been happening to date. Bank runs? Not so far.

Russia in the early 90s is the closest example I can think of, and it's not pretty - and it goes rather beyond what's happened to date, even in Greece.

Wind power

by Jerome a Paris (etg@eurotrib.com) on Sat Mar 17th, 2012 at 11:13:31 AM EST
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Staring at the abiss with Paul Krugman | 235 comments (235 topical, 0 editorial, 0 hidden)
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