Comments on: 4 Other Bailouts in American History

By: Dave V

Dave V — Tue, 20 Oct 2009 21:10:57 +0000

Didn’t the Fed bail out Chrysler with loans back in the late 70s or early 80s?

By: Jean

Jean — Tue, 20 Oct 2009 20:28:35 +0000

I assume from Kirk’s comment above, that J. P. Morgan is the hero in item 2. But on my screen, there’s a blank where the name should be. It says ” scowl, almost single-handedly rescued the American economy.” If a scowl could do that, I’d be a hero, too ;)

By: Dave

Dave — Tue, 20 Oct 2009 19:27:11 +0000

Actually, the last Civil War widow died in 2008! Her name was Maudie Hopkins. Click my link to see about her. She wasn’t the last one getting a pension, so some people didn’t count her. The last pension-earning widow of the Civil War died in 2004.

By: Kirk

Kirk — Tue, 20 Oct 2009 19:22:31 +0000

Didn’t J.P. Morgan acutally create a bail out twice?

He helped out in the Panic of 1893 as well. Grover Cleveland had Morgan create a syndicate that provided Wall Street with $65 million in gold that floated bond issue that rebuilt a Treasury surplus of $100 million (in 1890’s dollars of course).