Sunday, October 25, 2009

Bankster Madness

As I've said before, one thing I didn't realize during the blowing up of the great housing bubble was that banks basically threw lending standards out the window entirely. I thought they were suckering people into taking onerous loans, but ones which they could sorta barely manage to repay.'s interesting that there was a quiet run on the bank.

More than $17 billion flew out the door between Sept. 5 and 25, when federal regulators finally pulled the plug on Killinger's dream of a banking Wal-Mart.