[quote=The-Shoveler]If they had let it run it course it would have been much much worse, and could have cause a total collapse.

Assets is what holds up the banks (and the economy in general), it’s a catch 22, once you run them up, you cannot allow them to collapse else the whole thing goes,

It’s something I think many failed to see.[/quote]

You’re arguing that the math doesn’t matter. You might be able to postpone the realization that the other side of the balance sheet holds nothing for awhile but eventually it’s going to matter. Of course there’s another crash baked into the current bubble and people are falling for it again. That’s what;s surprising to me. This unwavering faith in the fed having your back. It’s worthless to argue about it now, most won’t see it until it becomes hindsight.