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subprime melt down: 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)

 
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BILL CHERRY

Dallas, TX

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BILL CHERRY, Real Estate Broker

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