On Aug 12, 2007, at 1:26 AM, Patrick Bond wrote:
>> but in any case...yes it was about $7 trillion lost stock market
>> value between 2000 and 2002 (from $17.8 trillion to $9.4 trillion,
>> which brought nominal capitalization back to 1996 levels). And the
>> consequences of that "crisis" were...
>
> Well my mum's pension was busted, and so were a few other million
> folks'.
> (Like you Doug, for years she's poohpoohed my chicken little squawk.)
Again, that's just normal operating procedure, not a crisis. It would have been a crisis had your mum and millions of others whose pensions were busted taken to the streets and demanded some heads.
Doug