1.

2.

3.

4.

5.

"Financial crises happen when savers/investors start to doubt the value of th [ Sele investment. The debt of traditional banks is usually considered to be informationally- [Se thought we had solved this kind of financial panic problem after the Great Depression through the introduction of FDIC . That system worked for decades. But, then the system itself changed. We saw the rise of the system. What is this system? It is a set of institutions (mainly We saw the rise of the [ Select ] commodity futures trading shadow banking ons very similar to those of traditional banks but these alternative institutions are largely mutual fund derivatives Ve saw the rise of the system. What is this system? It is a set of institutions (mainl) anks and money market funds) that carry out functions very similar to those of traditional banks but these alterna banks and money market funds) that carry out functions very similar to those of traditional banks but these alternative institutions are largely sits, pay interest rates, and then lend money out longer-term at higher interest "Financial crises happen when savers/investors start to doubt the value of th [ Sele investment. The debt of traditional banks is usually considered to be informationally- [Se thought we had solved this kind of financial panic problem after the Great Depression through the introduction of FDIC . That system worked for decades. But, then the system itself changed. We saw the rise of the system. What is this system? It is a set of institutions (mainly We saw the rise of the [ Select ] commodity futures trading shadow banking ons very similar to those of traditional banks but these alternative institutions are largely mutual fund derivatives Ve saw the rise of the system. What is this system? It is a set of institutions (mainl) anks and money market funds) that carry out functions very similar to those of traditional banks but these alterna banks and money market funds) that carry out functions very similar to those of traditional banks but these alternative institutions are largely sits, pay interest rates, and then lend money out longer-term at higher interest