posted by O-Trap
Umm ... were you not around for 2008? A huge chunk of the problem there was the credit approval given to borrowers who had no business borrowing.
Lord. We are not talking about throwing money at new borrowers who are not credit-worthy. We are talking about guaranteeing existing credit lines of businesses so they have the liquidity to weather the storm; otherwise many will become insolvent immediately and then the shit will hit the fan. This is a completely different situation than ’09.