The Donald and his campaign have not created a high standard of professionalism to this point, so I suppose we shouldn’t expect a lot from the party’s performance at its convention in Cleveland. Every four years, party leaders want to show the country how unified they are, ready to do battle with the hated enemy. This year, you can’t tell whom they hate more, their own candidate or the enemy’s.
Wave upon wave of fraud became so rampant among bankers, they gradually and then completely lost confidence in each other. They also – rightly – lost confidence in their assets. The collapse we saw resulted from bankers making a run on each other’s institutions. In the situation they had created, panic was a rational response.