3 ms·
You are describing what happened once as a generality.
by pathseeker 8y ago
You are describing what happened once as a generality.
- nostromo 8y agoThe Federal Reserve would no doubt respond in the same way if we find ourselves in a similar situation.
- toomuchtodo 8y agoLabor will give up on seeking housing long before the Fed stops propping up traditional asset prices.
- AnimalMuppet 8y agoNostromo is also kind of describing the savings and loan crisis back in the 80s and 90s. The difference is that it wasn't money-center banks that were in trouble, and the government closed a bunch of institutions rather than printing money and bailing people out. (They protected the depositors, but not the S&Ls.)