Quote:
Originally Posted by 4n7hr4x
Am I the only one crazy enough to see the similarities between today and the months before the great depression in the 30's?
What with the run on the banks, the collapse of the markets... the rich elite spreading rumors causing a mass scale panic driving prices of everything to rock bottom so that they can go around and buy up all the businesses for pennies on the dollar... like the company that bought up the three big mortgage companies recently...
Was this all just a setup from the beginning, just like the great depression?
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yes, you are the only crazy one. because the media is making everything seem a lot worse than it actually is. i can assure you, the U.S. is in no way, shape, or form heading towards a great depression. economist argue even if we are in a recession or not.
and FYI, the great depression began in 1929.
and also, IndyMac is not a regular commercial bank. it's a bridge bank.