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timeasmymeasure
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Date: 2008-03-19 10:52 pm (UTC)Well, yeah, but I don't recall it either :) Thanks for the link, though - I'll love to see it, when I have a spare second. Right now I'm dead tired.
The consensus seemed to be that the real problem is actually a lack of rational, calm thought: traders became irrationally afraid banks would become insoluble, so they're doing things to protect themselves that unfortunately are making the banks unstable.
Oh. Like if you're worried there'll be a run on the banks, so you go to take out all your money, and the people who see you do the same thing, and then - hey, the bank's out of cash!, that sort of thing? But, uh, bigger?