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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (240425)	3/10/2010 7:30:07 AM
From: Think4Yourself	Read Replies (1) \| Respond to of 306849

But it's different this time! ;o) Anyone who studies history knows that society never learns from it's mistakes. While walking past a classroom last night I noticed a point at the top of the slide on the screen which said "500 banks had failed". I thought "how forward thinking that they are teaching this to students!" so I stopped to read the rest of the slide. It was from FDR's time, about the time they closed all the banks for a "bank holiday". The one thing that was learned and implemented from the Great Depression was the Glass Steagall act, and that was overturned by Congress without a peep from the people.