Is a 1930s-style bank run on the horizon?

The Free Thought Society ^ | 03-11-2008 | TragicHipster

[Larry Lucido]

Von Mises was a wise man.

The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion

Not only much sooner, but also much, much shorter.

[Travis McGee]

It’s like the Midas man says:

“You can pay now, or you can pay later, and later will cost a lot more.”

[Travis McGee]

"What is a cascading cross-default and why should you care?"

There is that phrase again.

[Travis McGee]

"Drat and tarnation on all of this fear-mongering iceberg talk!

This ship is unsinkable! Full speed ahead!"

[TigerLikesRooster]

Margin calls, and cascading cross-defaults. We are going into a main act considering these words are tossed around by business media.

[Travis McGee]

Today on Bloomberg TV I heard the expression “when does the music stop?” and “What happens when the music stops?” in regards to these unmet margin calls on large hedge funds.

[ladyjane]

Run on the banks? That is a joke. The average person is $20,000 in the hole.

Excellent!

[Pelham]

“Ben Bernanke is Arthur Berns’ long lost love child.”

And let’s not forget the illustrious G. William Miller.