Correct me if I’m wrong, but wasn’t the problem that the government’s economic “experts” seriously believed that the worst possible thing that could happen was that the system needed a “liquidity” injection?
Well, now the major institutions are clamoring for “liquidity”, but that has by now become a euphemism for “free money in the form of a loan that no sane person expects to be paid back.”
Correct me if I’m wrong, but wasn’t the problem that the government’s economic “experts” seriously believed that the worst possible thing that could happen was that the system needed a “liquidity” injection?
Well, now the major institutions are clamoring for “liquidity”, but that has by now become a euphemism for “free money in the form of a loan that no sane person expects to be paid back.”