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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Midwest_Investor who wrote (40759)	11/24/2008 9:22:01 AM
From: Boca_PETE	1 Recommendation Read Replies (1) \| Respond to of 42834

To think you could have heard the whole thing at this far away link. kfar660.com His 20/20 hindsight was 20/20 when he decried the absence of REGULATION and OVERSIGHT which lead us to the current crisis during recent history. He asserted good regulation is always needed to curb natural greed and human nature. Funny we didn't hear his warnings about the approaching credit disaster and its Global economic implications during the last 15 years of Moneytalk. I guess it was because his work doesn't cover this area. After all, it's been 176 years since we experienced similar history. Along that vane, today's Wall Street Journal article by Mr Gordon shows that we have learned nothing from history. "Speculators, Politicians and Financial Disasters" - How Washington created a financial panic--in 1836, and in 2008. By JOHN STEELE GORDON online.wsj.com Fueled by easy credit, the real-estate market had been rising swiftly for some years. Members of Congress were determined to assure the continuation of that easy credit. Suddenly, the party came to a devastating halt. Defaults multiplied, banks began to fail. Soon the economic troubles spread beyond real estate. Depression stalked the land. The year was 1836. Best wishes, P