Here’s an interesting little diagram comparing the current government bailout to previous government projects, courtesy of Voltage Creative. (click to enlarge)
Crude Oil Falls as U.S. Refiners Cut Operating Rates on Sliding Demand – Bloomberg Metal Prices Fall Further than during Great Depression – Telegraph Gold Falls as Dollar Strengthens – Bloomberg Feds to Expand Rescue; Reviewing ‘hundreds of banks’ – CNN Money Big 3 Automakers Ratchet Up Pleas for Aid – Washington Post FDIC Head: [...]
This “Fireside Chat” with Franklin D. Roosevelt from 1933 offers some parallels to the situation in the financial system today, and the steps our government is taking to fix it. But, in harkening back to the days of the Great Depression, you can certainly find things to be thankful for today.
