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Eh, maybe, although I kinda doubt it, there's an assumption to think that because we didn't have a collapse, there was no danger of one. Vanishing 1/3 of the b
by jbooth 16y ago
Eh, maybe, although I kinda doubt it, there's an assumption to think that because we didn't have a collapse, there was no danger of one. Vanishing 1/3 of the banking industry overnight without an organized wind-down would likely have led to disaster even in retrospect.
In the moment? Anyone who voted against that bill was either posturing or a madman. I mean, we got the money back anyways, most of it. Why play chicken?
- hrabago 16y agoPeople arguing that there wouldn't have been a collapse reminds me of people who think the Y2K problem was a myth created by the software industry to drum up some jobs.
- jbooth 16y agoWell, something like 30% of the country still believed Saddam had WMDs in like 2006, and 25% of the country thinks Obama wasn't born in the US right now. Those are different than having a non-mainstream opinion on a hypothetical, but goes to show, people can believe whatever they want.