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SW Saskatchewan | The 80's and the farm crisis had no logical connection to the Enron, Bank or AIG situations. Even the largest of the Farm insolvencies did not register on the "too big to fail" scale.
Where they did register was on the "too many to ignore scale". I guess the result was somewhat the same, action was required to stabilize the farm economy but it did not spill over into the larger community.
And it wasn't just the BTO's or high flyers that were effected, it went across the ag sector and debt adjustment was common, just when it involved a high profile personality was the only time it was news enough to be news.
It was a sad time for many in ag, to paint the victims as schemers or as morally deficient is being harsh in most cases.
As I don't know of every case, I can't speak of all cases, just those of which I am aware. | |
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Hey MSB, do you have anymore stories on Eugene Smith?
