Manias, panics and crashes

Threats by the SEC to use criminal prosecution to punish rumor mongers who dare to disparage banks is official confirmation that the banking crisis in The People’s Republic of America is in full swing. For a preview of how this crisis is likely to play out, in this week’s series of blogs I’m reviewing Manias, Panics, and Crashes: A History of Financial Crises (Wiley Investment Classics)

SEC Threat
http://www.nytimes.com/2008/07/14/business/14sec.html?ref=todayspaper

...cont'd tomorrow...

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