E. Coli Is The New Credit Crunch

“In an opaque interconnected system, once toxins are identified then all goods become suspect. As with ‘toxic’ subprime assets, so with suspect vegetable products, there is an indiscriminate reaction against anything and everything that could be contaminated. In the same way that many ‘good’ mortgage-backed securities became unsaleable, so farmers selling cucumbers from Spain suffer because of a problem with beansprouts at one German farm.”
Is the European E. coli crisis — which might not actually be bean sprout-related — just like the financial crisis? Sure, why the hell not.