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Mathew's comments: The market bloodbath: Some perspective

jondillon · 1 year ago

I agree that in percentage terms it wasn't that impressive but all the same approximately 1.2 trillion dollars was wiped off the market value. Double the amount of the bailout that failed to pass. From what I understand its the first-ever trillion-dollar one-day loss. Crazy times indeed
Christopher Hyde · 1 year ago

Had they let Long Term Capital fail in 1998 like they should have, the Fed wouldn't have helped set the stage for where we are today....