3 ms·
By the same logic he kept the market in check so that it wouldn't implode catastrophically, therefore allowing banks to exist and continue their business giving
by skalpelis 18y ago
By the same logic he kept the market in check so that it wouldn't implode catastrophically, therefore allowing banks to exist and continue their business giving loans to start a business.
- whacked_new 18y agoThe market probably wouldn't have imploded one way or another; just that if it was more stable, the risky earnings would either be smaller, or take longer to materialize. (as before, I'm treading in a sea of assumptions) But once the market does calm down again, there will be a new Paulson. Perhaps the day this is ever fully prevented is the day that humans become permanently immune to all possible diseases.