HOLLYWOOD
Member
- Joined
- Nov 29, 2007
- Messages
- 22,314
Thanks JP Morgan... you will be REWARDED in the FUTURE!
Panic of 1907
Rumors of financial problems at Knickerbocker Trust, a leading NY
bank, triggers a run on banks throughout the city. This begins the
Panic of 1907, regarded as America's most severe financial crisis to
date. J.P. Morgan, Sr., who orchestrates a massive operation to infuse
cash into banks and shore up the stock market, stems the panic almost
single-handedly.
Please read the link on Panic of 1907 from the Boston Post news article... VERY INTERESTING!
http://www.bos.frb.org/about/pubs/panicof1.pdf
So what happened back then is panic caused a run on the bank and
justified more panic and the original panic which otherwise would not
have been justified.
J. P. Morgan drew a line in the sand realizing that everything was fine as long as the panic did not spread. Sound Familiar?
SO NOW we know where the FED, BUSH, CONGRESS and JP Morgan got their Idea to BAILOUT Financials (BEAR STERNS, Mortgage Equities, banks, etc) and stave off a PANIC and Collapse!And the funny thing is none of this money is really helping to much, it is too concentrated, so just a small group of the world population is hoarding almost all the cash. I hope we don't all blow up.
Panic of 1907
Rumors of financial problems at Knickerbocker Trust, a leading NY
bank, triggers a run on banks throughout the city. This begins the
Panic of 1907, regarded as America's most severe financial crisis to
date. J.P. Morgan, Sr., who orchestrates a massive operation to infuse
cash into banks and shore up the stock market, stems the panic almost
single-handedly.
Please read the link on Panic of 1907 from the Boston Post news article... VERY INTERESTING!
http://www.bos.frb.org/about/pubs/panicof1.pdf
So what happened back then is panic caused a run on the bank and
justified more panic and the original panic which otherwise would not
have been justified.
J. P. Morgan drew a line in the sand realizing that everything was fine as long as the panic did not spread. Sound Familiar?
SO NOW we know where the FED, BUSH, CONGRESS and JP Morgan got their Idea to BAILOUT Financials (BEAR STERNS, Mortgage Equities, banks, etc) and stave off a PANIC and Collapse!And the funny thing is none of this money is really helping to much, it is too concentrated, so just a small group of the world population is hoarding almost all the cash. I hope we don't all blow up.
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