The Economy: "I've fallen and I can't get up!"

Comment from some SDSU professor in 1990:

"Stock market crashes, and financial turmoil such as we saw in the 1930s likely won't happen again. Today, we have 'financial safety nets' and markets are so interwoven that they support each other."

It went something like that as I remember.

Unfortunately, it seems the problem with large, strong 'financial safety nets' is that they are able to support an enormous amount of garbage.

So, now the US government backstops the garbage, which means us taxpayers. Who backstops us when we finally breakdown?

J