Monday, December 13, 2010
How Bad WAS It in 10/08??
My son-in-law was taking his MBA at UW-Madison when his prof pointed out that the Fed's balance-sheet had suddenly skyrocketed.
This is another representation of the same event but includes 'other' borrowers--which only enhances the drama while using real numbers.
It is reported that SecTreas said that there could be 'tanks in the streets' if the 10/08 situation was not acted on. He may have been right.
We remain skeptical about how long this "fix" can have positive effects, as does the BigPic contributor.