Raggy":3udvgzi2 said:
Back during the 1929 Financial Crash it was said that some Wall Street Stockbrokers and Bankers JUMPED from their office windows and committed suicide when confronted with the news of their firms' and clients' financial ruin. Many people were said to almost feel a little sorry for them.
Raggy, that picture made me smile a little
Financiers jumping from office windaows in the week following Black Thursday
is in fact a myth, perpetuated on this side of the pond by what John Kenneth Galbraith in his book 'The Great Crash 1929' calls the 'penny press' I believe they are now known as the tabloids :roll:
JKG goes on to say that suicides had been rising slightly for several years before 1929 and
it was only in 1930, '31, and '32 that it increased sharply.
In 1929 governments did all the
wrong things (Which I suppose means the banks were not so much to blame)
In 2008 the Banks and other financial institutions have done
all the wrong things and it's down to the governments to
sort out the mess, which ultimately means you and me through huge increases in taxation,
not next year,
or the year after, but that time will come.
