Yes they were. And who drove them out of business?
You can "poke fun" all you want. I can take it.
As I said, you and I have two very differing opinions. You still have not taken time to expand on your economic theory, other than to say that things will eventually get better.
Based on what? Given what evidence? As you like to reply to me - let's see some detailed explanation. I believe that I have offered much more in that regard during this thread than you have reciprocated.
So, either tell me your understanding of the Fed and its relationship to our government or we don't have much to debate anymore.
I imagine it'd be impossible to drive a firm out of business if that firm controls the Federal Reserve. Please, let me know who drove them out of business.
Based on what? Given what evidence?
Based on the cyclical nature of our economy. Based on the actions taken by the Fed and Treasury.
So, either tell me your understanding of the Fed and its relationship to our government
The Fed is a semi-independent central bank. Subject to regulation by Congress.