Cosmo: Posit: People think a bank might be financially shaky.<br/> Martin Bishop: Consequence: People start to withdraw their money.<br/> Cosmo: Result: Pretty soon it is financially shaky.<br/> Martin Bishop: Conclusion: You can make banks fail.<br/> Cosmo: Bzzt.
Tuesday August 09, 2011
Cosmo: Posit: People think a bank might be financially shaky.<br/> Martin Bishop: Consequence: People start to withdraw their money.<br/> Cosmo: Result: Pretty soon it is financially shaky.<br/> Martin Bishop: Conclusion: You can make banks fail.<br/> Cosmo: Bzzt.