Friday, February 13, 2015

Continental Illinois National Bank and Trust

FLG first learned of Continental Illinois National Bank and Trust from The Ancient years ago.  FLG enjoyed this recent post at Motley Fool about "Too Big To Fail" lessons from Continental Illinois:
1. Today's darlings are tomorrow's pariahs
2. Rapid growth is a red flag
3. High profits often precede a fall
4. The perils of relying on "hot money"
5. Rumors alone can bring down even the biggest of banks

It's funny because FLG came away with most of these same lessons from the Northern Rock failure over two decades later.   Guess it's one of those cases of being doomed to repeat history.

No comments:

Creative Commons License
This work is licensed under a Creative Commons Attribution-No Derivative Works 3.0 United States License.