J.P. Morgan CEO Jamie Dimon recently explained this brave new world, saying that crises should be expected “every five to seven years.”
This is a very candid revelation. The question is why? How long would this pattern last until the whole system come crashing down?
A discussion of this is on The big Picture:
http://www.ritholtz.com/blog/2010/02/how-often-should-we-expect-a-financial-crisis/#comments
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