Posted by Kate on December 18, 1997 at 16:43:05:
In response to Gimme the year, I'll give you the panic!!, written by Karen R on December 18, 1997 at 16:02:00
] Since I haven't been participating in this book discussion, I'm not quite on target with the year, but there were enough financial panics and bank closures to ensure that U.S. government securities were not the risk-free paper that they currently are assumed to be.
] Does that demystify things for you, Kate?
thank you - I had no idea that 19C American finances were so rocky. South Korea, eat your heart out...;-)
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