Archive for March, 2010

This Great Recession was caused by a Bank Panic

Tuesday, March 2nd, 2010

I recall in the summer of 2008, Sen. Schumer was criticized for singlehandedly causing panic which resulted in a run on a single bank!  The financial community said this institution’s financial problem could have been resolved, except that the politically instilled crisis caused a panic which led to it’s collapse. BREAKING: Bank Collapses. Feds cite [...]