What irks me most about the entire premise is this presumption that others will not take the opportunity given the vacancy generated by lack of business x, y, or z being present. To me it does not matter if it is banking or home building or the homeowner in distress. To me these voids would have been filled in one way, shape or form over time. That there could have been a controlled form of chaos but that the outcome would have been a much much stronger vibrant economy with a stable base. Toll would not have been out on the street and the possible construction workers would have found work.
I don’t drink the end of the world cool aid that we would have all been in tent cities if we didn’t take these steps in 2007 and 2008. I am sorry for that. The absolute flushing of trillions of dollars is breatheless to me. Again I believe a fraction of that could have been used to support essential infrastructure that would have needed it if the unwinding would have been allowed to occur.
Instead we have continued plundering and pummelling of taxpayer dollars that MUST BE MAINTAINED until the ship is righted which will not happen for quite awhile.
