Sunday, Mar 16, 2008
Historians what do they know? USA or USSR
Bloomberg: Bear Stearns Bailout Was `Finger in the Dike,' Historians Say
Ever since Treasury Secretary William Gibbs McAdoo shut the New York Stock Exchange for four months in 1914, to prevent foreign investors from cashing out and throwing the U.S. into financial chaos at the outset of World War I, American policy makers routinely have suspended their support for free markets when confronted by economic peril.
Posted by stevie dee @ 03:21 PM (181 views) Add Comment
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