Economy
The 1907 short squeeze that helped crash a bank
HERE’S THE INTERESTING PART
Forget GameStop; the original short squeeze disaster happened in 1907 when F. Augustus Heinze tried to corner the global copper market and spectacularly botched the math. His massive failure triggered a devastating run on the Knickerbocker Trust Company, proving that unhinged shadow banking and overly confident degenerates have been crashing the US economy for well over a century.
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