Fed Tightening Cycles and Financial Crisis

Each time the Fed has increased interest rates, there has been a resulting institutional financial crisis. Usually these institutions were the "weak hands", greedy speculator driven bubbles, or overleveraged & mismanaged from an interest rate increase risk mitigation perspective.

1970 Penn Central
1974 Franklin National
1980 First Penn / Latin America
1984 Continental Illinois
1987 DJIA Black Monday
1990 Lincoln Savings / S&L Crisis
1994 Mexico
1997 Asian Currency / Russia / LTCM
2000 NASDAQ

Question of the day: What will the crisis be this time?
Answer: Usually, the crisis was tied to whatever the craze du jour was. The crazes du jour are: mortgage finance (FNMA), MREITS, homebuilders, real estate, commodities. Take your pick.