But wait, Bear Sterns was bought on Sunday through a slippery deal, billions were removed from investors in one day...
If that deal hadn't happened, Bear Sterns would have collapsed (bankrupt) with Leahman Bros. and goldman sachs being bailed out today, it was entirely possible that a large scale bank run could have happened.
In fact, the slippery buy out of Bear Sterns was only possible because Spitzer was taken out a week in advance.
Even though the global bank run didn't occur, I wouldn't simply ignore the person or their data. Nor would I say that we are out of the woods yet.
However, I also didn't run and take all my money out of the banks on Monday, but I do want you to consider how close we were to a large scale bank run on Monday.
But wait, Bear Sterns was bought on Sunday through a slippery deal, billions were removed from investors in one day...
If that deal hadn't happened, Bear Sterns would have collapsed (bankrupt) with Leahman Bros. and goldman sachs being bailed out today, it was entirely possible that a large scale bank run could have happened.
In fact, the slippery buy out of Bear Sterns was only possible because Spitzer was taken out a week in advance.
Even though the global bank run didn't occur, I wouldn't simply ignore the person or their data. Nor would I say that we are out of the woods yet.
However, I also didn't run and take all my money out of the banks on Monday, but I do want you to consider how close we were to a large scale bank run on Monday.