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.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: AlienTech who wrote (14330)	11/15/1997 10:51:00 AM
From: Jerry Olson	Read Replies (2) \| Respond to of 50167

AT Good Morning "Crazy OJ huh"???? I'll get you for that <G>... Snowing up where you are??? watch out for the snow drifts, they're very deep!!!!!

To: AlienTech who wrote (14330)	11/15/1997 11:24:00 AM
From: Elllk	Read Replies (1) \| Respond to of 50167

AlienT Re comment on the link you posted: <<There are two main differences between now and 1929 that I can see. In our favor, we have the Federal Reserve's willingness to act as the lender of last resort and the taxpayers' willingness to bail out bank depositors. This will prevent a cascading series of bank collapses such as we had in the early 1930's, which caused massive corporate bankruptcies. Had there been these safeguards 65 years ago it is possible there would merely have been a bad recession, not a Great Depression.>> One similarity between now and 1929, unfortunately, is that in 1929 they were saying a lot of things awfully similar to this, which suggests some veracity for those who say that while history may not exactly repeat it can come pretty close once the details are swept away. Larry