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2023-05-01 09:04:32

minh on Nostr: Panic of 1907: Major banks were on the verge of collapse until John Pierpont Morgan ...

Panic of 1907: Major banks were on the verge of collapse until John Pierpont Morgan stepped in to save them. This eventually lead to the creation of the Federal Reserve.

The Banking Crisis* of 2023: Major banks were on the verge of collapse until JP Morgan stepped in and saved them.

Reminder: "JP Morgan is a fortress" - Jim Cramer
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