can we say overextended? On Sat, Oct 4, 2008 at 4:17 PM, Robert Munn <[EMAIL PROTECTED]> wrote: > 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. > > >
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