I don’t disagree. I don’t necessarily agree with the approach the Fed/Tres/FDIC took in backstopping this, but they seriously might’ve (temporarily) averted the entire crisis by going for the bandaid and Motrin approach instead of straight to surgery to fix the root cause. Powell may just weasel his way out of all this. He’s not a dumb man. He’s playing the game well, I have to respect that.