Shareholders seem to be taking their rights more seriously as banks observe larger turnouts at their annual shareholder meetings.
For the past few months, we have been hearing debates about whether Bear Stearns, AIG, Lehmann Brothers, Chrysler, Ford, and GM are “too big to fail”, the assumption being that, were they to fold, they would take America down with them. The question is, how does an influx of taxpayer money prevent failing? Isn’t the […]
One of the most powerful images of the Great Depression is of the tragic run on the banks. When depositors became panicked that banks could not cover all of their obligations, they stampeded to withdraw their money. They were correct- the banks could not pay back all of the depositors, and as a result they […]