As always, we are so much wiser after the event.
The Economist(Oct 2nd, 2010 edition) has again published a great graph on the impressive deviation from historical norms that preceded the financial crisis. This time it’s about the Spanish banks and shows the ratio of loans to deposits.
If you want the comment that goes with it : http://www.economist.com/node/17155937?story_id=17155937
