Thursday, November 24, 2011

Pictures From A Latvian Bank Run As MF Global Commingling Comes To Town

This is what a run on a bank looks like.  Please don't underestimate the impact MF Global's bankruptcy and theft of client funds on crowd psychology.  At 99 Celsius, water may be hot, but it's below its boiling point.  However, at 100 Celsius, things boil over rapidly.

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