Quote Originally Posted by Skip View Post
What I learned in 2007/08 is that they will never let that bubble burst. Think about what it has taken to get prices to recover: TARP, mark-to-market, QE1-I. We've had a Fed rate at ~0% for seven years and now discussion of neg rates (which would encourage banks to hold foreclosures keeping prices up).

I think everything would be turned on end before we see another correction like 2008. There was talk of martial law, tanks on Main St back then if the banks weren't immediately given TARP which was supposed to isolate the "bad things" but was just used to float balance sheets until Obama was elected.
Thank you for remembering the financial pickle the Bush the Younger started and pResident Goatrider continued.

Wall Street, FedRes, and FedGov have themselves all tied up together, none of the three can exist in their current form without the other.