The OTHER Reason we may not have needed the [cash portions of the] bailout bill…
…even though we certainly need some bailing out. Brad Setser notes the obvious: Frankly the TARP is now starting to look small relative to the Fed’s balance sheet. while including the reality: The latest [H.4.1] data release should settle the question; absent enormous liquidity support from the Fed, a much broader set of financial institutions […]