Message Font: Serif | Sans-Serif
No. of Recommendations: 6
Back then, it was an AXP problem. Water in the salad oil tanks.

Now we have a system-wide problem with no clear fix. Loads of leverage coming off, no investment banks to bid for assets, individuals hiding in caves investment-wise, and ugly consumer balance sheets.

Not sure today's situation is setting up as a snap-back, as AXP faced in the simple world we had 45 years ago.

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.