StrategyDriven Editorial Perspective – Good Intentions, Bad Results: Learning from the Panic of 1826
Strategy Driven
MARCH 6, 2014
. “The judge the lawyer the doctor the clergy the widow the trustee of orphans all fell into the common vortex of investing in these bonds,” Life and Fire Insurance Company director Jacob Barker wrote in a letter in 1827. In 2009, forty percent of mortgages were sub-prime according to Forbes.com.
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