william the wie
Gold Member
- Nov 18, 2009
- 16,667
- 2,402
- 280
Definitely possible. If Bernancke ignores subpoenas by state courts this could get real interesting fast.Letting it all hang loose would have cost $0.4/$ for the creditors of AIG and much smaller bonuses for the surviving investment banks. Or at least that is the estimate I see most often.
I could live with that easy, even ten fold. How many Americans lost their jobs, lost their homes, became homeless or even DIED because of this credit crisis/recession?
However the foreclosure crisis going on now will give a real world test in as much as the state and federal courts could care less about Bernancke's mandate when he starts screwing with American real estate law.
WE will see. The real shit hasn't hit the fan yet. This may yet be just a fart.