The Great Depression Part II |
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 Sep 22 2008, 09:26 AM
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 ^_^  Group: Staff Alumni Posts: 8,141 Joined: Jan 2005 Member No: 91,466  |
Is another Great Depression right around the corner for the American economy? Considering two investment bank powerhouses (Morgan Stanley and Goldman Sachs)have become bank holding companies in order for a financial backing from the Federal Reserve (this is a really big deal), should we be concerned? Also, take into consideration Bush's bailouts and his $700 billion dollar plan to 'save the banks,' do you think we're in deep shit?
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Sep 22 2008, 09:41 AM
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 Senior Member Group: Administrator Posts: 2,648 Joined: Apr 2008 Member No: 639,265 |
I don't know, I'm not an economist. What do you think?
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Posts in this topic
fameONE The Great Depression Part II Sep 22 2008, 09:26 AM
fameONE QUOTE(mipadi @ Sep 22 2008, 08:41 AM) I d... Sep 22 2008, 10:06 AM
superstitious I think that you're in deep shit if you are lo... Sep 22 2008, 09:50 AM DoubleJ I mean to be honest, I think that the economy has ... Sep 22 2008, 01:57 PM Comptine I would be horrified but not necessarily surprised... Sep 23 2008, 01:38 PM mipadi The $700 billion bailout plan is a joke. It... Sep 24 2008, 10:11 AM fameONE I forgot I began this thread to begin with. My bad... Oct 22 2008, 01:51 AM kryogenix QUOTE(superstitious @ Sep 22 2008, 09:50 ... Oct 22 2008, 01:35 PM |
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