http://en.wikipedia.org/wiki/1997_Asian_financial_crisis
To many it was a long time ago, 1997 in fact, when the Asian Tigers, as they were known, took the count. Though the reasons were legion, one of them was so-called hot money.
We're not suggesting there is any sort of parallelism here. What we are saying is hot money can be defined in many ways and it can show up in some of the strangest places, like your friendly regional or neighborhood bank.
Have stranger things happened, you bet. Being long on greed and short on history is usually not a good idea. But as they say: Time will tell.
http://www.minyanville.com/business-news/the-economy/articles/Peter-Atwater253A-The-Next-Banking-Crisis/5/5/2014/id/54848
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