The NY Times: "Stock markets tumbled on Wednesday, as investors’ fears over the health of the banking industry resurfaced and spread around the world."
What can one say about financial panics? A historian would say,
The Panic of 1797 ...
The Panic 0f 1837 ...
The Panic of 1857 ...
The Panic of 1873 ...
The Panic of 1893 ...
The Panic of 1907 ...
The Great Depression, beginning 1929 ...
And assorted recessions — like clockwork, plus a massive panic in 2008 — caused by nervous finances ever since. No doubt you catch the chronological drift.
And we still haven't figured out how to regulate, and maintain regulation on, these reckless clowns.