Wednesday, March 11, 2009

Same War, Different Century

Guessing from the costumes, the drama promoted in this old ad dealt with the Panic of 1907. That's when J.P. Morgan tamed the trust companies.

We don't have J.P. to help us this time. But the current head of his bank, Jamie Dimon, today said we could get past our crisis this year, provided Democrats and Republicans cooperate and act without endless argument and delays. (Don't you wish that wasn't a sucker's bet?)

Thanks to CNBC, you can view Dimon's well-received talk at the Chamber of Commerce Summit here.

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