Are we heading for another 1929 crash?
ecthompsonmd
October 15, 2007
Are the market dynamics that are at work in the US today, the same dynamics that were at work in 1929? Bill Moyers invites Robert Kuttner and Former SEC chairman William Donaldson to discuss our “sound economic” fundamentals. They discuss the lack of regulation of Hedge funds and the sub-prime mortgage disaster. ——— Portions of the Transcript: ROBERT KUTTNER: I am chilled, as I’m sure you are Mr. Chairman, every time I hear a public official or Wall Street eminence utter the reassuring words “the economic fundamentals are sound.” Those same words were used by President Hoover and the Captains of
