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Old 10-08-2008, 11:13 AM   #1
Eon
Avalon Senior Member
 
Join Date: Oct 2008
Posts: 4
Smile Re: About the current financial scenario : History is repeating

Indeed, during the 30's as it is happening today, only the major players managed to survive the banking crash.
We still can see films of herds rushing to their banks and to the stock exchange to close their position or their accounts. Until today, I could not really understand what people felt at that time. Now, I feel like living in an upgraded version of the 30's ;o) What a ride!

I discovered that movie on youtube 2 days ago. Seems to be a quite new post. Evenif I do not concur entirely with the rest of the material posted by this youtube member, I found that the movie they made is really worthwhile!

Cheers
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citibank, crisis, economic meltdown, fed, wachovia

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