1996-04-30 - Re: Money supply is fake anyway
Header Data
From: Alan Horowitz <alanh@infi.net>
To: “David E. Smith” <dsmith@midwest.net>
Message Hash: e0ccf01b5ad0df95645f285bdc7a51f31315bc9e98125564a980dbcf36cb7ee2
Message ID: <Pine.SV4.3.91.960430051631.26612C-100000@larry.infi.net>
Reply To: <199604112204.RAA22999@cdale1.midwest.net>
UTC Datetime: 1996-04-30 14:16:46 UTC
Raw Date: Tue, 30 Apr 1996 22:16:46 +0800
Raw message
From: Alan Horowitz <alanh@infi.net>
Date: Tue, 30 Apr 1996 22:16:46 +0800
To: "David E. Smith" <dsmith@midwest.net>
Subject: Re: Money supply is fake anyway
In-Reply-To: <199604112204.RAA22999@cdale1.midwest.net>
Message-ID: <Pine.SV4.3.91.960430051631.26612C-100000@larry.infi.net>
MIME-Version: 1.0
Content-Type: text/plain
The S&L crisis was not the result of a "run on the banks" syndrome. It
was the result of criminal fraud and in some other cases, imprudent bank
management. Ie, grown men who thought that, in the long run, they could
attain non-economic rates of return on investments.
Human nature hasn't changed in 100,000 years.
Thread
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- 1996-04-13 (Sat, 13 Apr 1996 22:45:58 +0800) - Re: Money supply is fake anyway - “David E. Smith” <dsmith@midwest.net>
- 1996-04-13 (Sun, 14 Apr 1996 02:04:54 +0800) - Re: Money supply is fake anyway - “Perry E. Metzger” <perry@piermont.com>
- 1996-04-30 (Tue, 30 Apr 1996 22:16:46 +0800) - Re: Money supply is fake anyway - Alan Horowitz <alanh@infi.net>