Quote:
Originally Posted by Mutt
how is the US gonna stop a full blown economic depression? this looks scary - in my lifetime i've never seen anything like this.
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Unless you are WAY younger than I thought you were then you saw the failure of the S&L's in 1990. We are talking about 750 banks going belly up to the tune of more than $160 BILLION dollars (in todays money thats more than $250 BILLION). At the same time new home construction dropped IN HALF to the lowest point since WWII.
It was a tough time in America...but like everything before it....we got over it. ;)
--T