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To: JF Quinnelly who wrote (222)	4/26/2001 10:40:55 PM
From: Ilaine	Read Replies (1) \| Respond to of 443

>>There's no indication that margin calls had much to do with the '29 market collapse<< Oh, Freddie. Oh, Freddie. Not so. Admittedly, all I have at the moment is the New York Times, and I wouldn't be satisfied with that - but it's some indication. It's so sad - so much real history is vanishing, as we speak, witnesses are almost all gone, who is preserving their records? - and "historians" and "economists" keep kicking around the same verities. >>What made the Depression wasn't the stock market collapse, but rather the three waves of bank failures<< Thus spake Freidman & Schwartz. Why did the Civil War happen?