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<p>[QUOTE=&quot;V. Kurt Bellman, post: 2914364, member: 71723&quot;]Liquidity and security. My mattress is designed to keep my back secure, not my cash.</p><p><br /></p><p><br /></p><p>Hogwash! We were already 3/4 down the rathole of a &quot;credit freeze&quot; near the end of 2008, where even the MOST creditworthy people were unable to get credit because there were no lendable funds available due to cascading failures. We were headed for a situation MUCH WORSE, BY A MILE, than the Great Depression of the 1930&#039;s, until the Federal Reserve intervened. The only fault I&#039;ll lay on the Fed is NOT going to negative interest rates.</p><p><br /></p><p>There SHOULD HAVE BEEN legal consequences for &quot;banksters&quot;, but not by the Fed. The Fed did its job. The Justice Department did not, neither did Congress.[/QUOTE]</p><p><br /></p>

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