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Boomers Are Like Locusts (guest: Harley Bassman)

The Market Huddle

CHAPTER

The Government's Trying to Save the S

The government gave commercial banks a way to do more things. They bought junk bonds, and then when you had the recession in 89, all of a sudden the junk bonds went to zero. Thats when the government came in and they said, ok, commercial banks,. Please come by all these snells and ther visitallys forced marriages. Right up until that time, king was only done in state. You could not cross state lines. And this is after the beginning of bank america.

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