—Natural Selections—
by Mr. Darwin | 'Where Only the Fittest Posts Survive' | Since 1995
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Déja Vu? Morgan makes the margin calls

March 13, 2008 · by darwin · in Articles

According to Reuters a few days ago, banks in the U.S. are facing a systemic margin call, $325 billion hit. This is somehow reminiscent of 1929 when a similar thing happened. Back then, the U.S. was doing pretty well and…

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