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In reply to the discussion: Pic Of The Moment: Eric Holder Admits It: Elizabeth Warren Was Right About Big Banks [View all]JoeBlowToo
(253 posts)4. Better that we should wait until they crash the economy again...
History disputes Holder's fear of economic catastrophe created by reigning in the banks--
Temin and Wigmore (pp. 488-9) ignore the March 15, 1933,
stock price increase in their assessment of the Bank Holiday.
They go further to state: For the first month the [FDR] administration
was absorbed with the Bank Holiday and preparing for action.
Stock, bond, foreign exchange, and commodities markets were
quiet and little changed [italics added].
http://www.newyorkfed.org/research/epr/09v15n1/0907silb.pdf
This is from a paper published by bankers!
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Pic Of The Moment: Eric Holder Admits It: Elizabeth Warren Was Right About Big Banks [View all]
EarlG
Mar 2013
OP
Bank Holiday: as in forgiving loans made to those who have become poor due to banker greed?
DhhD
Mar 2013
#16
They need to be prosecuted precisely because they,themselves have a negative impact...
Little Star
Mar 2013
#10
OK, Holder you are right. The banks are too big to prosecute. But the CEO's aren't.
A Simple Game
Mar 2013
#21
Wasn't this the reason given for breaking up the big phone company to smaller subsidiaries?
Sheepshank
Mar 2013
#29
That makes it simple. The big banks either need to be nationalized or broken up.
stevenleser
Mar 2013
#46