"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
A Fed Panic and a Massive Bailout of American Banks Paid for by the Entire World
Submitted by Christopher Lempa on Fri, 2007-09-21 16:00
But even with institutions and regulations in place, when they are inoperative, corrupt or ill-adapted, financial crises can still occur. And the current financial crisis is there to remind us of this fact.
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