[desertsolitaire]

Had governments not intervened in a major way in the 2008 liquidity crisis, what’s the worst that could have happened anyway? Anyone have any learned insight into banking and financial matters regarding this?

[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.