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May 23, 2015
8:29
:50
pm
Mickey
How close did the banks really come to melting down during the recent financial
crisis?
Was it really the worst financial crisis since the great depression?
http://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%9308
http://www.reuters.com/article/2009/02/27/idUS193520+27-Feb-2009+BW20090227
How much safer is the system after reforms? Asked another way, would another major downturn in housing prices be enough to endanger the financial system again?
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Mickey
Previous username
HalftimePastry
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Mickey
Joined
Sep 3, 2010
Last login
Jul 16, 2015
Total posts
6,077 (910 FO)
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Messages
Author
Time
How close did the banks really come to melting down during the recent financial
Mickey
5/23/15 8:29pm
they were close. you should read "on the brink" by
1981coug
5/23/15 8:42pm
Or watch "Too Big to Fail"
WDaddy
5/23/15 9:33pm
The biggest problem during the financial crisis was the availability of credit.
WDaddy
5/23/15 9:52pm
Yeah. That was felt on Main Streets across the US. It was scary, because I did
Mickey
5/23/15 10:01pm
All but one of the regional and large banks have passed the stress tests
ChubbyChaser
5/23/15 10:49pm
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