Quote:
Originally Posted by joshgirls
why not. do you not remember that in sept 2008, the credit markets froze? as in, completely stopped functioning. They only became unglued when congress passed the bailout.
Are you asserting that no bailout, the credit market would have started back up by itself? When all the wall street banks were no longer liquid?
Thats like saying a heart attack victim can give himself CPR.
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one more point...look at the TED spread when the bailout passed in October. Thats all the proof you need that the bailout unfroze the credit market. Please do keep asserting the complete collapse of wall street would have been meaningless to every person in america with money in the bank.
http://en.wikipedia.org/wiki/File:TE...to_9_26_08.png