Odds ‘n Sods:
Frequent content contributor SJC suggested this article by Michael Panzner: The Time to Panic is When Those in Charge Say “Don’t Panic”. JWR’s comment:The bank run that Mr. Panzner mentioned (at Northern Rock–a mortgage lender in England) could very well spread to other banks primarily associated with mortgage lending, and then in a worst case, if a fevered bank run ensues, all banks. Here in the States, the public’s trust in the FDIC and FSLIC insurance will probably slow any bank runs, but the end result may be long delays before deposits can all be paid out, and even lengthier …