Wednesday, October 17, 2007

US Bank Panic of '07 and Mexican Depression of '08

http://www.questia.com/PM.qst?
a=o&d=5001364195
I am seeing a comparison of our own economic banking situation to that of
the depression or bank panic of 1907 and which spilled over into Mexico.
All I know regarding this one was my father who was 23 at the time referred
to it as very hard times.
It was also a year after the 06 S.F. earthquake. Which was actually called:
the Great Fire by my parents who both lived in S.F. (Frisco) at the time.
And yes, it was called Frisco until Herb Caen the newspaper columnist
taught us it wasn't a nice term.

And of course the people who run the finacial world today as well as
ourselves are both allot smart than those folks back then.
And of course power and personal greed are also under the category of
history.
And i hope you find those last observation reassuring as we go forward.

Maybe we are living a horse opera and didn't know it.
In fact our own good ole boy the 'decision maker' made the following remark
at today's press conference that "this wasn't his first Rodeo." So you see
we can count on a seasoned (in the saddle) leader if anything comes up...
serious like.

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