A bit of hyperbole... That $40 billion in 1984 would be $82.4 billion in 2007 dollars. If we survived the (in 2007 dollars) $82.4 billion bank failure in 1984, I think we can survive one that's not even 40% of that value...
“A bit of hyperbole... That $40 billion in 1984 would be $82.4 billion in 2007 dollars. If we survived the (in 2007 dollars) $82.4 billion bank failure in 1984, I think we can survive one that’s not even 40% of that value...”
Good point...
But, the question is: How much more is there to come?
After all that has already come...
I believe the debt the U.S. government has and the banks on shaky ground is why you will see the Dow go down to about 9000—maybe lower...
Follow the money...