100 year banking cycle - 1907 financial meltdown repeating in 2007? Deutsche Bank in big loss, Merrill in catastrophe
Marla Guthrie
Oct. 3, 2007

There is an invisible, intangible but at the same time real banking cycle. The last real financial meltdown happened in 1907. At that time JP Morgan led the rescue of financial system. Federal Reserve was formed in the next seven years.

The parallel are similar. The big players cornered the markets in mergers and acquisitions. The crude oil is in the hands of a few rich families in the world. That time it was copper and this time it is oil.

The Government ran out of cash very fast trying to rescue the system. Financial institutions that helped the meltdown financial systems have finally become the players in the 2007 meltdown.

This time Fed Chairman is talking to influential Citi Bank Guru before cutting the rates. Hundred years have gone by but nothing much really changed.

Every hundred years the banking cycle creates the massive chaos and people remember not create a bubble again.

Mr Semerci and Mr Lattanzio of Merrill departed. The market place is now looking at the financial institutions with more suspicion. The financial institution may have lost more than $2.0 billion from subprime markdowns.

Deutsche bank has lost close to half a billion dollar already.

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There is an invisible, intangible but at the same time real banking cycle. The last real financial meltdown happened in 1907. At that time JP Morgan led the rescue of financial system. Federal Reserve was formed in the next seven years.
READ MORE>>

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