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If you have a massive drop in real estate prices, then you have the reserves to prevent a liquidity crisis while you figure out a way of recapitalizing the banks.
Our greatest fear is not that we are inadequate, but that we are powerful beyond measure. Actually, who are we NOT to be? And we.
Two fish and a chick with sticks. Saturday, 17 January 2009. See you over there! Wednesday, 14 January 2009. My apologies for the delay in transmission, dear blog readers. The Pre Christmas Time Warp.
Whatevs from two pisces and a sagittarius. Wednesday, May 16, 2012. I have an irrational fear of mayonnaise. Those poor mets - five teams in the n. So many idiots, so little time.