Friday, March 14, 2008
The more things change, the more they stay the same
The news of JP Morgan coming to the rescue of Bear Stearns reminded many of a similar story from back on '07, as in 1907 when the James Pierpont Morgan (yes that JP Morgan) helped organize a bailout of bank during the 1907 Financial Panic.Educate Yourself - J.P. Morgan - Savior -- The Panic of 1907: "This week we continue our discussion of the Panic of 1907 and the man who, single-handedly,
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