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View Diary: Wall St. Bailout: Exec Pay Limits 'Effectively Repealed' By WH (170 comments)

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  •  Great Post on Actions in September (1+ / 0-)
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    New Deal Democrat has written a major piece over on The Economic Populist called Black September.

    It's more like a magazine article, it's so in depth.

    In the 40 day period between September 1 and October 10, the shallow recession which had crippled the housing industry and Wall Street, but left Main Street virtually intact, suddenly metastasized into a collapse of the consumer economy that some were beginning to liken to the 1930s

    In short, in Black September and the ensuing market crash of October, 78,000,000 Americans probably lost over a trillion dollars of wealth, the most tremendous downdraft in the "wealth effect" ever.

    He has the entire month of September timelined by economic events.  

    raw link:

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