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America's new banking crisis; the hazard of Silicon Valley culture; fury in France over Macron's retirement reforms
Fareed Zakaria GPS
Bank Runs Are Not New
The roots of the word credit come from the Latin crederé meaning to believe and finance without trust is worth nothing. And one of the problems that bankers and regulators are grappling with is that we live in an age of cyber flash mobs. Because of this news can flash around the world and you get these explosions of passion that flare up and then die down. We see the implications of this in the fashion and music world where suddenly things become wildly trendy and then disappear from sight.
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