"Banks are inherently brittle institutions, however much marble they put in their foyers" says Simon Cox.
In cases of bank runs--people queuing up to take their money out of a bank-- investors' fears become self-fulfilling, bringing about the very thing (eg, the collapse of a bank) they were afraid of. (73)
2007-08-15
for: The Economist, London.
Link: ›economist.com
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In cases of bank runs--people queuing up to take their money out of a bank-- investors' fears become self-fulfilling, bringing about the very thing (eg, the collapse of a bank) they were afraid of. (73)
2007-08-15
for: The Economist, London.
Link: ›economist.com
Add|Comment
