The Paradigm Shift: “Too Big to Bail Out”
The Paradigm Shift: “Too Big to Bail Out”
Posted on September 15th, 2008 in Daily Mortgage/Housing News – The Real Story, Mr Mortgage’s Personal Opinions/Research
A paradigm shift back to ‘normal’ maybe occurring. Tonight sure looked like .gov is viewing these events as ’too big to bail out’. That is more than a shift, that is a full 180.
‘Maybe its different this time’ was perhaps the past two decades of free money and ultimate leverage. Now, its time for some harsh reality.
It looks like tonight that .gov decided to protect its balance sheet just like the banks have done for the past year. It is every bank for themselves. The Gov’t threw its balance sheet at the GSE’s just two weeks ago and here we sit. Nobody, and I mean nobody is prepared for this. And Nobody, and I mean nobody may be able to stop it.
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