Oddball
Unobtanium Member
- Banned
- #61
Translation: We were sold a bill of goods.Yeah...Reality...Let's look at a little reality.
How about the little reality that happened when all the economic "geniuses" told us the we needed to throw a few hundred billion at the banks, ostensibly so they could get to lending out those funds.
There was no requirement that they lend those funds.
What happened is that that the American taxpayer got scammed once again, over the "overnight collapse" scare tactic....Your *opinion* as to whether the costs involved were worth it is irrelevant.But what happened?
The overnight markets went from complete collapse to being partially rebuilt - just as Paulson etal had hoped.
best idea? Probably not. Decent idea? yes. Especially in light of the end costs involved.