Credit markets to Washington: Bailout isn't enough

CometsWin · Oct 4, 2008

Refman said:

You just don't get it. Is the bailout the final, everything is fixed solution? No. Nobody said it is. Could the economy still collapse? Yep. What the bailout did was take us from a position where the economy was sure to collapse and put us in a position where it could collapse.
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That's exactly what I just said.

A fighting chance to fix it is what we bought.
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A shot in the dark fighting chance because you have no idea if it'll work and you have no idea the degree to which it'll work or not work as I said.

Refman · Oct 5, 2008

CometsWin said:

That's exactly what I just said.

A shot in the dark fighting chance because you have no idea if it'll work and you have no idea the degree to which it'll work or not work as I said.
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By that metric, I guess you think that Galveston should never have built the Seawall. Will Galveston ever flood? Maybe (after Ike...yes). I can promise that it will catastrophically flood if you don't build the Seawall.

Sometimes you do things to lessen the effect of a catastrophe.

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Credit markets to Washington: Bailout isn't enough

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