The attempted historical revision is worse than that. Tackling the financial crisis was a bipartisan effort. TARP passed 10/3/08, under Bush. Subsequently administered by Obama. Saved the financial system. As bad as Great Recession was, would've been a lot nastier without TARP.https://twitter.com/JoyceWhiteVance/status/1033925731930255360 …
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Wud have nixed every last cent of equity and bonds, inc senior; pressed some buttons, had new unencumbered owners the next day. Sound nuclear? It’s not in a fiat system.
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Yes that sounds nuclear to me. Meaning: collapse, chaos, immense suffering, with no guarantee that after all the suffering something better would emerge. I understand you disagree. But I'd caution you: Would you really have trusted the government to handle something like that?
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Well it’s unknowable what wud’ve happened but you screw with natural justice at your peril.The decisions taken by these guys are the patient zero of society’s drawn-out toxic descent.
End of conversation
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