Could a run on a bank happen in the U.S.?

September 20th, 2007 by GoldSilver | Posted in Economic News |

Let’s not be smug. Of course it could.

The amazing growth in the trading of credit and mortgage-backed derivatives over the past 15 years has created a global system by far superior to anything in the past when things are going well, but hugely vulnerable to shock from these little time bombs when things turn sour, as they have in the U.S. real estate market.

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