Every hiking cycle over the last 70 years ends in recession or a financial crisis - Continental Illinois Ronald Reagan

 ‘It’s not going to be different this time,’ Morgan Stanley strategist says

Steve Goldstein MarketWatch 17 March 2023

https://www.marketwatch.com/story/every-hiking-cycle-over-the-last-70-years-ends-in-recession-or-a-financial-crisis-its-not-going-to-be-different-this-time-morgan-stanley-strategist-says-f5fddea2

The first bank that was declared “too big to fail” was Continental Illinois, which received a bailout in 1984 from President Ronald Reagan.

Attacking banks is emotionally satisfying. But it won’t prevent financial crises.

 Recall that Lehman Brothers was not a commercial bank, and AIG was an insurance company.

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