With enough real and electronic ink spilled over the past two weeks to describe every nuance of the Lehman crisis (as if anyone can ever forget those vivid days) that nearly 3 months worth of Treasury issuance could be monetized, we decided to go further back, some 140 years back in fact, to this…
Go here to read the rest:
140 Years Ago Today, The Great Panic Of 1873 Led To The First Market Closure