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As I recall, everything was OK until Bush and Paulson came out... [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

kentuck

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Sat Feb-14-09 05:16 PM
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As I recall, everything was OK until Bush and Paulson came out...

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and said that the system would collapse unless we gave them 700 billion dollars before the weekend? There was no hint that we were so close to collapse. After their pronouncement, the whole world went into shock. Now, I wonder if it was necessary. They did immediately bail out AIG, Washington Mutual, and a few other bad apples, but would our economic system have collapsed at that time if Bush and Paulson had not scared the crap out of the entire world? I wonder...

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