Early Retirement & Financial Independence Community - View Single Post - Do you want to pay for the Sub-Prime freeze?

twaddle · 11-30-2007, 01:59 PM

Basically, the banks aren't staffed to handle a mess of this scope. Without coordination between all of the players, it would play out in a very ugly manner. The government is doing what they should be doing: coordinating everybody for a smooth unwinding. In the worst case, we may still see some bailouts, but this is probably a step in the right direction.

11-30-2007, 01:59 PM	#14
twaddle Thinks s/he gets paid by the post Join Date: Jun 2006 Posts: 1,377	Basically, the banks aren't staffed to handle a mess of this scope. Without coordination between all of the players, it would play out in a very ugly manner. The government is doing what they should be doing: coordinating everybody for a smooth unwinding. In the worst case, we may still see some bailouts, but this is probably a step in the right direction.