But if you have enough business failures, the remaining banks will stop lending money, choking the economy nearly to death. That was the nightmare scenario everyone was afraid of- systemic failure.
On Sat, Oct 4, 2008 at 2:04 PM, Dana wrote: > banks, even many banks, may collapse. The recession may deepen. But > the existence of a specific bank is not a sine qua non for having an > economy. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:272379 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
