Quote:
Originally Posted by dyna mo
quick question-
didn't the british government buy up all the bad banks during the banking crisis? how's that working out?
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Go find a history book on the Presidents reactions to the 1930 stock market crash.
Then come back and repost.
A clue.
Quote:
Term: 1929-1933. The stock market crashed a few months into Hoover's term. The Great Depression that followed was widely and some say unfairly blamed on Hoover.
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Maybe unfair, maybe not. Read up on it. Then imagine what would of happened to
you if Governments hadn't stepped in. Your bank accounts might of gone down the toilet.