Comment by bandrami
17 days ago
> either the return wasn't commensurate to the risk
It's because the markets were frozen up; I was actually alive then and you can't really gaslight me about this
17 days ago
> either the return wasn't commensurate to the risk
It's because the markets were frozen up; I was actually alive then and you can't really gaslight me about this
what does "frozen up" mean?
Corporate bonds were simply not being bought, at any price. Same with commercial paper. Nobody knew what firms were going to still exist in a week so nobody was willing to lend any money at all.
> Nobody knew what firms were going to still exist in a week so nobody was willing to lend any money at all.
Perhaps I'm misunderstanding, but isn't this another way of saying it was too risky for people to invest? That seems to be the same concept as the quote you cited from the parent comment: "either the return wasn't commensurate to the risk".
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