I was just thinking about the recent economic crisis and the number of American banks that have failed or almost failed until the government bailed them out:
Fannie Mae
Freddie Mac
Washington Mutual
AIG
Merrill Lynch
Citigroup
Lehman Brothers
In any given year, if one of the top banks in the world collapses, it can create chaos in the financial world. The above list has 7. (And I'm sure I'm missing something.) It really puts how bad this crisis is in perspective.
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