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henry paulson: THE PANIC OF 1907 vs. THE PANIC OF 2007, Final Installment, By Dallas Realtor Bill Cherry - 12/31/07 06:16 AM
In parts one and two of this three part series on sub-prime rate mortgages, I drew a somewhat interesting, albeit loose, parallel between the current situation and what is known as the Panic of 1907.
Further, I outlined the plan of Treasury Secretary Henry Paulson's that he hopes will bring relief to borrowers who are unprepared for the contractual rate escalation, and to the mortgage paper holders who are on the brink of being flooded with tens of thousands of borrowers in default.
While Mr. Paulson's plan shows how the federal government can influence the financial markets without passing as much as one law … (10 comments)

henry paulson: THE PANIC OF 1907...SIMILAR TO PANIC OF 2007? Part 2 By Dallas Realtor Bill Cherry - 12/30/07 06:26 AM
            In the first of this three part series, we noted that those of us with an interest in the history and the workings of the U.S. economy have found an interesting paradox brewing in the wings.  Here's a summary.
            In October, 1907, a bank-owner named F.A. Heinze made a major speculation in the stock market, and it failed.  When the news got it, it caused a run on his bank by depositors who were worried that his financial problems may end up being theirs as well.
             It's known as the Panic of 1907.
            In Part One of this series, we … (4 comments)

henry paulson: THE PANIC OF 1907...SIMILAR TO PANIC OF 2007? Part 1 of 3 By Dallas Realtor Bill Cherry - 12/29/07 11:53 AM
            Students of U.S. economics have zeroed in on an interesting paradox.  I'm one of them who has.
            (This will be a three part series offering the facts and my personal analysis of what we can expect the outcome to be.)
            It was in October, 1907, that the U.S. financial system was within moments of collapse, and there was no mechanism in the wings to resolve the issues other than some weak "Scotch tape it together" ideas that the Treasury Department had.
            This all started because a guy named F.A. Heinze had done some rather significant speculation in the stock market and … (3 comments)

 
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BILL CHERRY

Dallas, TX

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BILL CHERRY, Real Estate Broker

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