$13 trillion (and counting)
Quick post, since I've got to run, but does anybody believe the story of the October collapse that never was? I sure don't, for three reasons"!
1. Big time cui bono.
2. There's no, er, testimony of what actually happened.
3. The numbers everybody was looking at to measure the crisis were easy to manipulate, especially LIBOR.
Sure, something happened, and Congress snapped to attention NOW NOW NOW. But what that something was? We just don't know.
4. None of the principal players, then or now, merit our trust, let alone our belief.