Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish
Jeff For Banks
JUNE 2, 2023
bank failures per year between 1996 and 2006, and 3.6 The old borrow short, lend long strategy. When the Taxpayer Relief Act of 1997 passed, the top capital gains tax rate was lowered, providing yet another incentive for equity speculators to pour money into the fledgling internet industry. banks failed a year.
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