<html><head><meta http-equiv="Content-Type" content="text/html charset=utf-8"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;" class=""><div class="card-headline" style="box-sizing: border-box; color: rgb(51, 51, 51); font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(247, 247, 247);"><h4 class="" style="box-sizing: border-box; font-weight: 500; line-height: 22px; color: inherit; margin-top: 0px; margin-bottom: 10px;"><a href="http://missoulian.com/news/state-and-regional/montana-coal-production-up-m-tons/article_6e58b92f-c38e-5b6e-a795-5640e9082884.html" style="box-sizing: border-box; background-color: transparent; color: rgb(34, 34, 34); text-decoration: none;" class="">Montana coal production up 1.5M tons</a></h4></div><div class=""><br class=""></div><div class=""><h4 class="" style="box-sizing: border-box; font-weight: 500; line-height: 22px; color: rgb(51, 51, 51); margin-top: 0px; margin-bottom: 10px; font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(247, 247, 247);"><a href="http://missoulian.com/news/local/updated-liberty-fire-triples-in-size-placid-lake-area-receives/article_29e0bd48-af55-54e3-9829-48b50a2626e5.html" style="box-sizing: border-box; background-color: transparent; color: rgb(34, 34, 34); text-decoration: none;" class="">UPDATED: Liberty fire triples in size, Placid Lake area receives 'evacuation warning'</a></h4><div class=""><br class=""></div></div><div class=""><h3 class="" style="box-sizing: border-box; font-weight: 500; line-height: 22px; color: rgb(51, 51, 51); margin-top: 0px; margin-bottom: 10px; font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(247, 247, 247);"><a href="http://missoulian.com/news/local/fire-camps-keeping-firefighters-fed-clothed-and-clean-all-from/article_5c4a3ff4-171c-53dd-b253-e14ef728e5ec.html" style="box-sizing: border-box; background-color: transparent; color: rgb(34, 34, 34); text-decoration: none; font-size: 14px;" class="">Fire camps: keeping firefighters fed, clothed, and clean all from the comfort of trailers and tents</a></h3><h3 class="" style="box-sizing: border-box; font-weight: 500; line-height: 22px; color: rgb(51, 51, 51); margin-top: 0px; margin-bottom: 10px; font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(247, 247, 247);"><br class=""></h3><h3 class="" style="box-sizing: border-box; font-weight: 500; line-height: 22px; color: rgb(51, 51, 51); margin-top: 0px; margin-bottom: 10px; font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(247, 247, 247);"><a href="http://missoulian.com/news/state-and-regional/managing-bears-long-winter-fast-warm-up-creates-challenges-for/article_1d511c14-2aea-50ce-bcea-5c656bffebfd.html" style="text-align: center; background-color: transparent; box-sizing: border-box; color: rgb(34, 34, 34); text-decoration: none; font-size: 14px;" class="">Managing bears: Long winter, fast warm-up creates challenges for Mission Valley bears</a></h3></div><div class=""><div class=""><a href="http://missoulian.com/" class="">http://missoulian.com/</a></div></div><div class=""><br class=""></div><div class=""><br class=""></div><div class="">
<div style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;" class=""><div style="color: rgb(0, 0, 0); font-family: Verdana; font-size: 14px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px;">**********************************************************************************<br class="">“Real estate speculation must be as old as the land – in the United States, it is certainly as old as the frontier </div><div style="color: rgb(0, 0, 0); font-family: Verdana; font-size: 14px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px;">– and the first bad bank loan was no doubt made around the time of the opening of the first bank."<br class=""><br class="">"Still, the boom of the 1980s was unique. Not only did creditors lend more freely than they had in the past, </div><div style="color: rgb(0, 0, 0); font-family: Verdana; font-size: 14px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px;">but the government intervened more actively than it had ever done before to absorb the inevitable losses."<br class=""><br class="">“By standing behind good banks and bad banks alike, the government in effect removed the oldest franchise </div><div style="color: rgb(0, 0, 0); font-family: Verdana; font-size: 14px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px;">in banking – that is, safekeeping.”<br class=""><br class="">James Grant. Money of the Mind: Borrowing and Lending in America from the Civil War to Micheal Milken. </div><div style="color: rgb(0, 0, 0); font-family: Verdana; font-size: 14px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px;">Farrar Straus Giroux. 1992.</div></div>
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