9.23.2008

Panic of 1907


What would JP Morgan do?
Morgan rallied the great money men. John D. Rockefeller, when asked if he would put his securities in the pot, said yes, "and I have cords of them, gentlemen, cords of them."

1 comment:

Anonymous said...

I believe he also paid off the entire national debt once. So when you say in 2008 we've double our national debt of the first 200 yrs in the last 10 years, that also includes starting from scratch back 100 or so years ago. Or maybe it was just the deficit for one year.