Monday, September 29, 2008

WSJ: Calling JP Morgan

I've been reading "The Panic of 1907" as a way of better understanding our financial crisis history. Its amazing the parallels of today and back then. The panic happened over 100 years ago (there were 13 previous ones) and yet, America survived. We will survive this panic as well.

Today's events are a little unbelievable, but not unprecedented. If you want a fascinating read about how JP Morgan solved the Panic of 1907 in just eight weeks and what we can do now to get through this've got to read this article.

Scott Dauenhauer CFP, MSFP, AIF