Lots of people are hoping that the government will come to the rescue and save the financial system. We would avoid a lot of pain that way.
But, maybe we should just take the hit and focus on the recovery. Americans are strong and creative people. We’d find a way to crawl out of the mess and rebound stronger than ever.
I’ll bet most of us could survive longer without a paycheck than the folks on Wall Street!
Do you have any idea how many people starved to death in the 30’s?
Do you have any idea how much worse it would be now? You’d have cities filled with millions of people with nowhere to turn, no way to get by without a paycheck, or something of value to convert to food.
It would be 100’s of times worse than the 30’s, and probably very bloody.