Friday, January 16, 2009
Good after bad?
In "the Depression," FDR ordered the banks to close. He didn't ask the people to buy those loser operations. Sometime later, some of the banks opened - and the fringe banks did not. This process put the loss on the people who had been operating and benefiting from the banks. Unfortunately,those who had been doing business with them also lost. Does anybody know that pouring money into these losers will work better.