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That is being unkind to Hoover. He didn't actually engage in massive bank bailouts. His fault was not that he failed to liquidate the big banks, but that he failed to follow up the shortfall of private expenditure with public works.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Nov 19th, 2009 at 06:17:04 AM EST
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