Friday, May 16, 2008

The severity of the banking crisis in perspective

I kind of knew this back in November (that I am completely wrong in estimating back in Aug 2007 that this crisis is going to be like the LTCM crisis). It just blows my mind when it is in graphical form. I remember trying to talk to my friends if this is more like the S&L crisis in 1990 or the LTCM crisis in 1997. Turns out it's much worse than the two of them combined!



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