Saturday, September 27, 2008

E.P. on the Bailout

"employing means at the bank's disposal
in deranging the country's credits, obtaining by panic
control over public mind" said Van Buren
" [...] giving nomimal loans on inexistent security"

in the eighteen hundred and thirties

"on precedent that Mr Hamilton has
never hesitated to jeopard the general
for advance of particular interests."

Canto XXXVII (p. 184)

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