### Comment:
My concern is what tools the fed will use to get us out of it? 
  
 They already have lowered interest rates and used the Paulson 'bazooka' which was 4 years of money drops and quantitative easing. If I'm not mistaken, the fed still has a ton of MBS trash they bought back 10 years ago on their balance sheets that they marked to market to purchase. 
  
 What trick are they going to use now? Just let banks make up valuations and submit bid requests?!

### REPLY:
An optimist would say that we might get out of it the same way we did last time, but not nearly as unscathed. The realist in me says that we need a proverbial 'flood' to clean out the filth that's been accumulating these nearly 20 years. That unfortunately could mean negative rates, austerity measures, and significantly surprised growth for an extended period of time. It would definitely be painful but if done correctly may prevent even worse outcomes down the road.

### END.