[ConservativeInPA]

Had governments not intervened in a major way in the 2008 liquidity crisis, what’s the worst that could have happened anyway?

Um, the market would have sorted things out. The government should have only intervened to see creditors were paid off in the correct order instead of socializing losses.

[L,TOWM]

We would still be sorting it out, with massive unemployment and the effects of a few years of negative growth to still handle had not the government made certain that cash remained liquid.