Real estate blog entries tagged with subprime panic by BILL CHERRY (BILL CHERRY, Real Estate Broker)

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Home : Blogs : BILL CHERRY : BILL CHERRY'S GREATEST DALLAS PARK CITIES REAL ESTATE BLOG : Tag "subprime panic"

subprime panic: 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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