Monday, July 21, 2008
Nuff said
"The fundamental business of the country, that is production and distribution of commodities, is on a sound and prosperous basis."
- Herbert Hoover, October 25th, 1929
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"During the past year you have carried the credit system of the nation safely through a most difficult crisis. In this success you have demonstrated not alone the soundness of the credit system, but also the capacity of the bankers in emergency."
- Herbert Hoover, Oct 1930
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"But again, it's a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation."
- Henry Paulson, July 2008 ¶ 7:05 AM
- Herbert Hoover, October 25th, 1929
================
"During the past year you have carried the credit system of the nation safely through a most difficult crisis. In this success you have demonstrated not alone the soundness of the credit system, but also the capacity of the bankers in emergency."
- Herbert Hoover, Oct 1930
================
"But again, it's a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation."
- Henry Paulson, July 2008 ¶ 7:05 AM
