Scary Headlines...Thought for the Day

 “No Federal Help in Firm’s Last Hours” Sub-headline:  “Bush Administration says, ‘Drop Dead’”
Washington Post, February 15

“Crisis Management Dominates SEC Chairman’s Agenda”
LA Times, September

“Markets Take Worst Hit Yet on Gulf Uncertainty”
Washington Post

However, all dates are 1990.

Reference to Drexel Burnham(not Lehman, Goldman, etc.), Dick Breeden at SEC, not Chris Cox and the S&L Crisis.  Within two years of these scary headlines one of the largest economic expansions in world history began…just a little thought for the day.