Another ‘Not Since the Great Depression’
Friday, March 14th, 2008It has happened again. Another “Not since the Great Depression” moment.
Not since the Great Depression has the Federal Reserve saved a major investment bank from bankruptcy. MarketWatch.com has the article, “Bear Stearns goes on life support as trading crisis turns dire“.
The New York Federal Reserve Bank is backing JP Morgan Chase’s efforts to keep Bear Stearns afloat.
Not since the Great Depression …
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