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Whoops there goes another .....

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Those of a certain age will recognise those words as the chorus to an awful song about disappearing rubber plants; don't ask. But, what on earth is happening in the financial community, whoops there goes another bank; has there ever been a precedent? I suspect not, we've seen individual banks go the wall before but I don't recall so many having their soft under bellies exposed. Was the 30's a similar circumstance?

Please discuss.  

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