Posted by
Corthell on Tuesday, October 28, 2008 3:14:36 PM
Free Enterprise Did NOT Cause the Market Meltdown
The Great Depression didn't just happen, and it didn't start in 1929. It started with the creation of the Federal Reserve in 1913. Prior to 1913, private bankers regularly pooled their resources to make money available to other banks and lenders who merited support. Bankers knew that bad loans were an unacceptable risk that could cost them all money, so they didn't do it. They were fiscally responsible. No tax dollars were involved or at risk........
http://www.newswithviews.com/DeWeese/tom122.htm
by Tom DeWeese