12-02-2009, 04:47 PM
Yes, I am fully aware that Life As We Know It would have come to and end.
It inexorably, eventually will.
That we were able to temporarily forestall the inevitable will only make the day of reckoning (sounds spooky, I know).
Even discounting that, though, there were other options besides giving these institutions GIANT FREAKING Ed McMahon-like blank checks. There were also steps we should and could have taken to prevent the run-up in the first place.
It inexorably, eventually will.
That we were able to temporarily forestall the inevitable will only make the day of reckoning (sounds spooky, I know).
Even discounting that, though, there were other options besides giving these institutions GIANT FREAKING Ed McMahon-like blank checks. There were also steps we should and could have taken to prevent the run-up in the first place.