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SARS Offers Lessons for Credit Panic: Kevin Hassett (Correct)

Newmark's Door found this 10/7/2008 on bloomberg.com

Commentary by Kevin Hassett (Corrects fifth paragraph to indicate year of panic was 1837, not 1937.) Oct. 6 (Bloomberg) -- This is what a panic looks like. Banks have practically stopped lending to one another. Risky assets are so toxic that the 10-year bonds of U.S. financial institutions are ...