The banks wouldn’t give them the credit needed without this. This is one of the signs of the bubble crumbling. The question isn’t if the card house collapses, but when. We’re all waiting for it. Currently the can still cover for each other, but that strategy only goes so far.
The banks wouldn’t give them the credit needed without this. This is one of the signs of the bubble crumbling. The question isn’t if the card house collapses, but when. We’re all waiting for it. Currently the can still cover for each other, but that strategy only goes so far.
I think the military telling staff to conserve tokens was a pretty big step towards the pop.