Quote:
Originally Posted by marketsmart
i did... i dont fully believe the story that was sold to the people..
funny how when the govt started requiring all kinds of strings attached to the tarp money, banks start paying back the money...
the truth is that no one knows what would have happened because it didnt play out that way, but i will choose not to trust the govt when it comes to telling the truth..
you are welcome to your own opinion..
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Yep, there is no way to know for sure. I'm basing my opinion that it would have dominoed to a deflation, which would have been a disaster, as follows...
This opinion is based on my understanding of the markets and credit (I was in investment banking for 12 years and my take seems to be consistent with most independent analysts), the fact that countries and healthy companies woke up to find they could not meet their obligations because the credit markets were frozen, and the fact that deflation was a reality as was reflected in 2009 still ending in - 0.04% despite the intervention.
If you have something more than "i dont fully believe the story that was sold to the people", I would be interested to hear it.
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