Run on American financial institution Indymac Bank in 2008. At the time, it was the second largest bank failure in US history. |
Then again, according to most American mainstream media outlets, the recession ended years ago and everything is getting better. Those annoying foreclosures, workplace dropouts, student loan disasters, ongoing war in Afghanistan, and the widening gap between the have-a-lots and everyone else, are just mirages. Bank runs? Hey, don't you feel confident about Morgan Stanley (Facebook fiasco), JP Morgan Chase (risk management mess), Bank of America (broke), Citicorp (ditto), and Goldman Sachs (they're creepy and they're spooky, mysterious and ooky....)
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