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Tabs,
These guys were very full of themselves, bragging about how they would buy 3-5 (100K+) new cars at a time and drive them for a few months to decide which one they really wanted to keep, then selling the others at a loss as their time was worth more than the depreciation. I kind of got the impression that they were trying to impress with CDI factor. Not impressed.
They said they were Republican, but then what does that mean?
I understand the liquidity, etc. My point is what would have happened if we would have taken the approach that while they hurt us it was by no means serious. Something along the lines of Londoners after their bombs went off. Not lead to a crisis in confidence?
My personal opinion is that the average American responded better than the media and talking heads who were all talking doom and gloom. I have some dealing w/media and New Yorkers (city types) and came away with the impression that they thought the world revolved around them while espousing a global view that didn’t add up in my pea brain. The result was if it hurt NYC then it was catastrophic for the U.S.
I could be missing the mark also. Finance is not my area of expertise.
S/F, FOG
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