Quicksilber
Occasional notes on current events, books and more, by Kenneth Silber
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Tuesday, January 22, 2008
Financial panics past
On this morning of a
400-plus point drop in the Dow
, I remind you of the Panics of 1792 and 1907, and how
Alexander Hamilton
and
J.P. Morgan
, respectively, responded to them with calm and
savoir faire
.
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