Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (47098)	3/7/2004 3:32:36 AM
From: Ilaine	Read Replies (1) \| Respond to of 74559

Bank of United States, which sounded official but wasn't. It was run by immigrants for immigrants. Failed December 11, 1930. One of Milton Friedman's pet theories. He thought that the other banks would have stepped in to save it but for the fact that the owners were Jews, and that the failure of this bank caused panic and was contagious. phil.frb.org Disputed by Elmus Wicker, who isn't in the same category as Friedman but has devoted more time to the idea. indiana.edu