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Subprime is contained?
If helicopter Ben said so, it had to be true.
I had no clue what was going on at that time. I was working my ass off to try and move up the corporate ladder, had just started my business as a side business at that point, had just bought my first home, was getting married (first marraige-didn't even last a year-yikes).
I knew there was turmoil in the US but honestly didn't really know the magnitude until I started really getting into markets a few years later.
Luckily I had no trust in the system and saw the writing on the wall. We were starting a big, expensive renovation on our house. I pulled the plug just in time. It could have been personally ugly.
Skepticism for the save.
Can you link it dawg?
It's been a while since I needed to be convinced about bitcoin. This article from 2007 gives you the general idea of how clueless the Fed was before the collapse: https://www.forbes.com/2007/05/17/bernanke-subprime-speech-markets-equity-cx_er_0516markets02.html
I just replay an old Ben Bernanke speech from 2008