I did not intend to send that privately em, here it is again:
"ERHC never had that much cash that it was ever advisable to dump $5 million dollars into anything but the biggest and most reputable of financial institutions"
Like...
Lehman Brothers or Washington Mutual? Both bankrupted by the crisis. It wasn't just financial institutions...
GM, Chrysler, Texaco... the list goes on and on. Especially with banks... hundreds and hundreds... all gone.
A *LOT* of the "biggest and most reputable institutions" were bankrupted by the crisis.
Faulting ERHC management for Stanford's failure is a joke. Anyone with that opinion looks foolish to me... completely unaware of the extent of the collapse this country went through
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