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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Perspective who wrote (259934)7/11/2010 1:48:54 AM
From: bentwayRead Replies (4) | Respond to of 306849
 
The majority of people around the world disagree with you, BC. Global commerce, which depends daily on loans and insurance, was almost completely frozen due to a lack of both. It wasn't a matter of people losing their bank accounts. It's not your father's depression..

dailymail.co.uk

It's easy after the fact to say otherwise. Most people's attention span is no longer than a gnat's, and the debt incurred we will be paying for a long time after the panic was averted.

We're talking about something that WOULD have happened. It's the same as the Bushies claiming that the war in Iraq prevented us from being attacked at home for eight years. I don't believe THAT one!



To: Perspective who wrote (259934)7/11/2010 3:53:30 AM
From: patron_anejo_por_favorRespond to of 306849
 
Amen.



To: Perspective who wrote (259934)7/11/2010 7:30:10 AM
From: Smiling BobRead Replies (1) | Respond to of 306849
 
Nothing but Y2K fear mongering

"Life will cease to exist if you don't hand over everything you've got"

If I walked into a bank and said that, I'd be doing 20 years
Paulson walks into "emergency" congressional meeting and sticks up the entire country and walks out a hero in bent's eyes



To: Perspective who wrote (259934)7/11/2010 9:17:34 PM
From: Logain AblarRespond to of 306849
 
bc:

The one problem with a total colapse of Citi & BOA, to name 2 would have resulted in many businesses payroll and operating accounts being vaporized. Would have put a lot of small & mid size businesses into bankruptcy.

As it was everything was freezing up.

I think 50B went into one "safe" banks overnight account on a flight to quality.