Highlights
- The financial crisis was triggered nearly 11 years ago by a run on the bank in staterun
cash funds - On the 10th anniversary of the Lehman default, few people seem to understand this
fact - This misunderstanding is likely going to produce more brief stock market panics
and bouts of volatility in the next 3-5 years before the next financial crisis sets in - This misunderstanding will likely confuse policymakers and investors when the next
crisis begins
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