Quote:
Originally Posted by Cynthetiq
While you may think that most banks are okay, many are not. Just look at how many per year have been going under these past few years.
2008 2007 2006 2005 2004 2003 2002 2001 |
At the end of the day or at the end of this "crisis" what percentage of "banks" will have failed? I don't know (I will look it up later), but I bet less than 1%. Then if we compare that percentage to the S&L crisis in the 80's or the Depression, I bet the current percentage will be trivial compared to those events. So, like I posted the emperical evidence does not support the premise held by Krugman.