Terrific chart via Bill King shows the extent of the borrowing by financial institutions at the Fed Discount Window.
Note the 4 spikes: Continental Illinois bailout (1960s), S&L Crisis (1980s), 9/11 (2001), Credit Crisis (today)
Chart courtesy of Bloomberg, Bill King
I’d call that provocative!
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.