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From: dgh@sun.uucp (David Hough)
Newsgroups: net.invest,net.misc
Subject: Re: "World Banking Crisis" -- what is it?
Message-ID: <2287@sun.uucp>
Date: Sat, 8-Jun-85 16:47:45 EDT
Article-I.D.: sun.2287
Posted: Sat Jun  8 16:47:45 1985
Date-Received: Thu, 13-Jun-85 11:14:19 EDT
References: <11154@brl-tgr.ARPA>
Reply-To: dgh@sun.UUCP (David Hough)
Distribution: net
Organization: Sun Microsystems, Inc.
Lines: 15
Xref: linus net.invest:653 net.misc:6608
Summary: 

In article <11154@brl-tgr.ARPA> wmartin@brl-tgr.ARPA (Will Martin ) writes:
>
>What, pray tell, would happen in a "World Banking Crisis"?

I think when the administration speaks of a World Banking Crisis they really
mean a domestic political crisis severe enough to change the party in 
power at the next election.  Another Great Depression would certainly
be sufficient but hardly necessary.

Another expression of the same sentiment is "socialism for the rich, free
enterprise for the poor", i. e., bailouts for Chrysler and Lockheed and
New York City but not for numerous more deserving smaller organizations.

David Hough