Comparing BP to Wall Street: Can We "Fix" It?

``... the panic in 2007 was not like the previous panics in American history (like the Panic of 1907, ... or that of 1837, 1857, 1873 and so on) in that it was not a mass run on banks by individual depositors, but instead was a run by firms and institutional investors on financial firms. The fact that the run was not observed by regulators, politicians, the media, or ordinary Americans has made the events particularly hard to understand. It has opened the door to spurious, superficial, and politically expedient "explanations" and demagoguery."''