The point is not to go back in time. The point is to not blindly believe that everything you are told by the govt is true…
You have made it abundantly clear in many many posts that what was done in the past helped us to avert disaster. I have never been so sure of that. In fact I think it made the rich much richer, and kept a slow bleed going instead of just removing the tumor at what would have been great pain. Geitner has simply been following what Paulson did. Corruption is not dedicated to either party… It is alive and strong in both.
I thought Deninger brought up an interesting point that the 7 trillion dollars spent at the time he wrote the article would have wiped out 50% of all the mortgage debt in America.
