Commentary
Fire Sale At Bear Stearns And Panic At The Fed
Peter Morici 03.17.08, 10:00 AM ET
quote from article:
"President Bush adopts the posture of Herbert Hoover telling us everything will work out soon. He looks more like a man whistling through the graveyard. Bernanke and Paulson look worse than that. The threat of contagion and wholesale breakdown on a scale of 1929 is real."
http://www.forbes.com/opinions/2008/03/17/fed-bear-stearns-oped-cx_0317morici.html
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In my previous entry, I referred to 1929.
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