How America could collapse

posted by
July 27, 2011
The Nation
by Matt Stoller  
Posted in Commentary, PND Commentary

"In the last few years, economists have spent a lot of time and energy thinking about bank runs. A bank run happens when depositors think a bank is weak and scramble to get their money out before it collapses. 'Tight coupling' of financial institutions, like when banks are overly dependent on each other, can create a cascading series of problems for the system itself." [editor's note: This scenario is about the demise of the USA Inc. empire; "America" is either lost in the past, or doing just fine, depending on your perspective - SAT] (07/27/11)  

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