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Donotunderstand

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Donotunderstand

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Re: Guido2 post# 687565

Friday, 07/02/2021 9:31:22 AM

Friday, July 02, 2021 9:31:22 AM

Post# of 799445
Exactly my memory

calm markets

F and F MBS paper held HUGELY by foreign countries

If the pushed on the IMPLICIT guarantee - we could have had an even worse 2008 - instant depression

GOV stepped in - right or wrong to calm THEM - bond holders

Then it went all wrong (unless it was all sinister from day one - to kill F and F and give 5T of business to TBTF Banks - not impossible)
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