all I know was, I was watching CNBC really late, and Pelosi and Reid look like the women in those ADT commercials. People in the know, I mean in the KNOW, were scared shitless. You guys can argue how much, when, where, who. What I do know is, what Kanjorski said happened. And it was frightening.
It is insignificant, truly, about the exact amounts in MM. Doesn't matter. That's for guys like Geitner and Greenspan. BTW, how's that working out? What does matter is Congress was briefed on WHAT was happening, briefed on what COULD happen, and told it was unstoppable. The same briefing was given on the financials about the same time. The bear raids were UNSTOPPABLE. What we can ascertain is, the economic situation is horribly out of control. Now, let's extrapolate. No matter what O'Bama's minions do, they will not make a difference. (they might. they'll spin us out of control much sooner by wasting another several trillion. I don't have kids. You guys worry about that). It works itself out on its own (translation, healing/time/pain), or it doesn't . That's how I'll approach it. You get your sliderule out. Chances are, you'll have to boil it and eat it.