Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Nuke'm Glowing
They will adopt the Japanese model and funnel free money to them to stay afloat.

I don't know, there wasn't even a hint that the government would bail out Enron, Global Crossing, Worldcom, or the possible Time-Warner AOL failure.

13 posted on 09/03/2002 10:45:53 PM PDT by Lucius Cornelius Sulla
[ Post Reply | Private Reply | To 10 | View Replies ]


To: Lucius Cornelius Sulla
There's a huge difference between an Enron and a money center bank. The implications of a Citigroup failure would slice 1000 points off the Dow. That is just never going to be allowed to happen, not in our lifetimes.
18 posted on 09/03/2002 10:48:06 PM PDT by Nuke'm Glowing
[ Post Reply | Private Reply | To 13 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson