THE POST-CRISIS OUTLOOK
Banks in crisis: 1929 and 2007
The 1929 banking crisis, which led to the Great Depression, and the financial implosion that started to envelop the world in 2007 have the same root cause (excess debt) and show similar distortions of the function of the stock market. But telling differences are also instructive. - Henry C K Liu (Apr 13, '10)
This is the second article in a series.
Part 1: The crisis of wealth destruction