YEE-HAA!
The government surely helped greatly in causing this problem with loose money, requirements of lenders to loan to people who didn’t deserve it, servicing Fan and Fred’s house of cards, and bad accounting rules.
That the Government then has to clean up a mess that big is probably inevitable.
But will they learn?
No. Get ready. Money is loose again, and the next bubble is being inflated somewhere right now.
YEE-HAA!
The world can’t muster enough collective liquidity to stave off the losses that are going to be claimed. The bubble parties are so over.