{"id":5479,"date":"2012-09-17T21:00:36","date_gmt":"2012-09-18T01:00:36","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=5479"},"modified":"2012-09-17T21:00:36","modified_gmt":"2012-09-18T01:00:36","slug":"2008-financial-crisis-cost-americans-12-8-trillion-bettermarkets","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/2008-financial-crisis-cost-americans-12-8-trillion-bettermarkets\/","title":{"rendered":"2008 Financial Crisis Cost Americans $12.8 Trillion: BetterMarkets"},"content":{"rendered":"<p>Better Markets, a pro-financial reform Wall Street watchdog, estimates the total loss of American wealth since Sept. 15, 2008, when Lehman filed for bankruptcy, as $12.8 Trillion dollars &#8212; almost one year&#8217;s GDP. Better Markets president &amp; CEO Dennis Kelleher calls for effective regulation of systemically important Wall Street firms to prevent a recurrence of the GFC.<\/p>\n<p>[gigya width=&#8221;576&#8243; height=&#8221;324&#8243; allowFullScreen=&#8221;true&#8221; src=&#8221;http:\/\/d.yimg.com\/nl\/techticker\/site\/player.swf&#8221; type=&#8221;application\/x-shockwave-flash&#8221; flashvars=&#8221;show&amp;vid=30617677&amp;&#8221;]<\/p>\n<p><a href=\"http:\/\/bettermarkets.com\/sites\/default\/files\/Cost%20Of%20The%20Crisis_0.pdf\" title=\"Better Markets: Cost of the Crisis\" target=\"_blank\">Better Markets: Cost of the Crisis (PDF)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Better Markets, a pro-financial reform Wall Street watchdog, estimates the total loss of American wealth since Sept. 15, 2008, when Lehman filed for bankruptcy, as $12.8 Trillion dollars &#8212; almost one year&#8217;s GDP. Better Markets president &amp; CEO Dennis Kelleher calls for effective regulation of systemically important Wall Street firms to prevent a recurrence of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/2008-financial-crisis-cost-americans-12-8-trillion-bettermarkets\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;2008 Financial Crisis Cost Americans $12.8 Trillion: BetterMarkets&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,34],"tags":[1069,3434],"class_list":["post-5479","post","type-post","status-publish","format-standard","hentry","category-economy","category-us-canada-countries-regions","tag-dodd-frank-act","tag-too-big-to-fail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>2008 Financial Crisis Cost Americans $12.8 Trillion: BetterMarkets - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2008 Financial Crisis Cost Americans $12.8 Trillion: BetterMarkets - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Better Markets, a pro-financial reform Wall Street watchdog, estimates the total loss of American wealth since Sept. 15, 2008, when Lehman filed for bankruptcy, as $12.8 Trillion dollars &#8212; almost one year&#8217;s GDP. Better Markets president &amp; CEO Dennis Kelleher calls for effective regulation of systemically important Wall Street firms to prevent a recurrence of &hellip; Continue reading &quot;2008 Financial Crisis Cost Americans $12.8 Trillion: BetterMarkets&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/2008-financial-crisis-cost-americans-12-8-trillion-bettermarkets\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-09-18T01:00:36+00:00\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/2008-financial-crisis-cost-americans-12-8-trillion-bettermarkets\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/2008-financial-crisis-cost-americans-12-8-trillion-bettermarkets\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"2008 Financial Crisis Cost Americans $12.8 Trillion: BetterMarkets\",\"datePublished\":\"2012-09-18T01:00:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/2008-financial-crisis-cost-americans-12-8-trillion-bettermarkets\/\"},\"wordCount\":90,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"keywords\":[\"Dodd-Frank Act\",\"too-big-to-fail\"],\"articleSection\":[\"Economy\",\"US &amp; Canada\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/2008-financial-crisis-cost-americans-12-8-trillion-bettermarkets\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/2008-financial-crisis-cost-americans-12-8-trillion-bettermarkets\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/2008-financial-crisis-cost-americans-12-8-trillion-bettermarkets\/\",\"name\":\"2008 Financial Crisis Cost Americans $12.8 Trillion: BetterMarkets - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"datePublished\":\"2012-09-18T01:00:36+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/2008-financial-crisis-cost-americans-12-8-trillion-bettermarkets\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/2008-financial-crisis-cost-americans-12-8-trillion-bettermarkets\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/2008-financial-crisis-cost-americans-12-8-trillion-bettermarkets\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"2008 Financial Crisis Cost Americans $12.8 Trillion: BetterMarkets\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. Strategic. Unfiltered. \",\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/thepatientinvestor.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\",\"name\":\"The Patient Investor Pty Ltd\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1\",\"width\":250,\"height\":250,\"caption\":\"The Patient Investor Pty Ltd\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\",\"https:\/\/www.instagram.com\/colin_thepatientinvestor\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454\",\"name\":\"Colin Twiggs\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g\",\"caption\":\"Colin Twiggs\"},\"description\":\"Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.\",\"sameAs\":[\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\",\"https:\/\/www.instagram.com\/colin_thepatientinvestor\",\"https:\/\/au.linkedin.com\/in\/colintwiggs\"],\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"2008 Financial Crisis Cost Americans $12.8 Trillion: BetterMarkets - the patient investor","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"2008 Financial Crisis Cost Americans $12.8 Trillion: BetterMarkets - the patient investor","og_description":"Better Markets, a pro-financial reform Wall Street watchdog, estimates the total loss of American wealth since Sept. 15, 2008, when Lehman filed for bankruptcy, as $12.8 Trillion dollars &#8212; almost one year&#8217;s GDP. Better Markets president &amp; CEO Dennis Kelleher calls for effective regulation of systemically important Wall Street firms to prevent a recurrence of &hellip; Continue reading \"2008 Financial Crisis Cost Americans $12.8 Trillion: BetterMarkets\"","og_url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/2008-financial-crisis-cost-americans-12-8-trillion-bettermarkets\/","og_site_name":"the patient investor","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61572934660810","article_author":"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","article_published_time":"2012-09-18T01:00:36+00:00","author":"Colin Twiggs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Colin Twiggs"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/2008-financial-crisis-cost-americans-12-8-trillion-bettermarkets\/#article","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/2008-financial-crisis-cost-americans-12-8-trillion-bettermarkets\/"},"author":{"name":"Colin Twiggs","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454"},"headline":"2008 Financial Crisis Cost Americans $12.8 Trillion: BetterMarkets","datePublished":"2012-09-18T01:00:36+00:00","mainEntityOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/2008-financial-crisis-cost-americans-12-8-trillion-bettermarkets\/"},"wordCount":90,"commentCount":0,"publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"keywords":["Dodd-Frank Act","too-big-to-fail"],"articleSection":["Economy","US &amp; Canada"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/2008-financial-crisis-cost-americans-12-8-trillion-bettermarkets\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/2008-financial-crisis-cost-americans-12-8-trillion-bettermarkets\/","url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/2008-financial-crisis-cost-americans-12-8-trillion-bettermarkets\/","name":"2008 Financial Crisis Cost Americans $12.8 Trillion: BetterMarkets - the patient investor","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/#website"},"datePublished":"2012-09-18T01:00:36+00:00","breadcrumb":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/2008-financial-crisis-cost-americans-12-8-trillion-bettermarkets\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/2008-financial-crisis-cost-americans-12-8-trillion-bettermarkets\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/2008-financial-crisis-cost-americans-12-8-trillion-bettermarkets\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thepatientinvestor.com\/"},{"@type":"ListItem","position":2,"name":"2008 Financial Crisis Cost Americans $12.8 Trillion: BetterMarkets"}]},{"@type":"WebSite","@id":"https:\/\/thepatientinvestor.com\/#website","url":"https:\/\/thepatientinvestor.com\/","name":"The Patient Investor","description":"Smart. Strategic. Unfiltered. ","publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thepatientinvestor.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/thepatientinvestor.com\/#organization","name":"The Patient Investor Pty Ltd","url":"https:\/\/thepatientinvestor.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","contentUrl":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","width":250,"height":250,"caption":"The Patient Investor Pty Ltd"},"image":{"@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/profile.php?id=61572934660810","https:\/\/www.instagram.com\/colin_thepatientinvestor"]},{"@type":"Person","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454","name":"Colin Twiggs","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g","caption":"Colin Twiggs"},"description":"Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.","sameAs":["https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","https:\/\/www.instagram.com\/colin_thepatientinvestor","https:\/\/au.linkedin.com\/in\/colintwiggs"],"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-1qn","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":19985,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/03\/14\/to-infinity-and-beyond\/","url_meta":{"origin":5479,"position":0},"title":"&#8220;To infinity and beyond&#8230;&#8221;","author":"Colin Twiggs","date":"March 14, 2020","format":false,"excerpt":"I know that Fed Chairman, Jay Powell, looks more like Woody than Buzz Lightyear but please allow me some leeway. The New York Times reported Thursday that \"something weird is happening on Wall Street, and not just the stock sell-off\" : \"...reports from trading desks that many assets that are\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12539,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/11\/17\/the-multi-trillion-dollar-liquidity-problem-at-the-heart-of-the-global-financial-system-telegraph\/","url_meta":{"origin":5479,"position":1},"title":"The multi-trillion dollar liquidity problem at the heart of the global financial system | Telegraph","author":"ColinTwiggs","date":"November 17, 2015","format":false,"excerpt":"From Ben Wright at The Telegraph: Since the financial crisis, global financial regulators have rightly been attempting to make banks safer. They have done this by, for example, banning proprietary trading, making it harder to lend government bonds in the repo market and, most importantly, forcing banks to deleverage. One\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15614,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/07\/21\/icarus-trade-continues-with-the-next-global-crisis-further-away-than-you-think\/","url_meta":{"origin":5479,"position":2},"title":"Icarus trade continues, with the next global crisis further away than you think","author":"ColinTwiggs","date":"July 21, 2017","format":false,"excerpt":"Good to see Ambrose Evans-Pritchard weighing in on the (absence of) the next global financial crisis: ....If corporation tax drops to 25 per cent and incentives are offered to repatriate up to $US4 trillion of US corporate cash held offshore - tinder for stock buy-backs - you might see the\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13781,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/08\/13\/a-currency-war-has-begun-2\/","url_meta":{"origin":5479,"position":3},"title":"A currency war has begun&#8230;.","author":"ColinTwiggs","date":"August 13, 2015","format":false,"excerpt":"The Federal Reserve, Bank of England, European Central Bank and Bank of Japan all expanded their balance sheets (commonly referred to as quantitative easing or QE for short) post-2008 to counteract a contracting money supply and prevent a deflationary spiral. These actions also have the beneficial effect of weakening the\u2026","rel":"","context":"In &quot;Market Insights&quot;","block_context":{"text":"Market Insights","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/market-insights\/"},"img":{"alt_text":"Spot Gold","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-08-13-currencywar.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":1124,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/04\/follow-the-money-behind-europes-debt-crisis-lurks-another-giant-bailout-of-wall-street\/","url_meta":{"origin":5479,"position":4},"title":"Follow the Money: Behind Europe&#8217;s Debt Crisis Lurks Another Giant Bailout of Wall Street","author":"ColinTwiggs","date":"October 4, 2011","format":false,"excerpt":"A Greek (or Irish or Spanish or Italian or Portuguese) default would have roughly the same effect on our financial system as the implosion of Lehman Brothers in 2008. Financial chaos. ....The Street has lent only about $7 billion to Greece, as of the end of last year, according to\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20158,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/03\/28\/sp-500-markets-face-two-types-of-contagion\/","url_meta":{"origin":5479,"position":5},"title":"S&#038;P 500: Markets face two types of contagion","author":"Colin Twiggs","date":"March 28, 2020","format":false,"excerpt":"The S&P 500 faces two types of threat. First, is the coronavirus outbreak. But equally dangerous is the financial contagion that will follow. Financial markets are heavily inter-connected and regulators do not have the ability to build adequate firebreaks to contain the outbreak in a single sector. Behavior of one\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=5479"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5479\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=5479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=5479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=5479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}