Why is it a crisis when a bank loses the confidence of its investors and depositors, and they move their money elsewhere? Money is not being destroyed.
It's cyclical too. They know they are "too big to fail" so they over leverage knowing they will be bailed out and that overleverage is what causes them to fail.
All reward, no risk (except to the taxpayers/indentured servants)
Why is it a crisis when a bank loses the confidence of its investors and depositors, and they move their money elsewhere? Money is not being destroyed.
It's just another failing business. No big deal.
It's cyclical too. They know they are "too big to fail" so they over leverage knowing they will be bailed out and that overleverage is what causes them to fail.
All reward, no risk (except to the taxpayers/indentured servants)