Financial crises get triggered about every 10 years

During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.

In 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. — Long-Term Capital Management (LTCM). 

Exactly a decade later, too much leverage by some of those very institutions, and the bursting of a U.S. real estate bubble, led to the near collapse of the U.S. financial system. 

Once again, big banks were deemed too big to fail and taxpayers came to the rescue.

MarketWatch 5 April 2021

https://www.marketwatch.com/story/financial-crises-happen-about-every-10-years-which-makes-the-archegos-meltdown-unnerving-11617634942

The Savings and Loans Bailout

https://www.internetional.se/sandl.htm

Save the last dance for me

WAITING FOR THE LAST DANCE

https://englundmacro.blogspot.com/2021/03/save-last-dance-for-me.html