The added liquidity kept our system afloat and avoided systemic collapse that would have brought a much more painful shock to the global financial system. (alephblog.com)
Thus the key national financial regulatory systems allowed major financial institutions extraordinarily high leverage and did not have the means to monitor the possibility of systemic collapse in the US and the UK. (blog.politics.ox.ac.uk)
If the Fed raises interest rates, we will witness perhaps the the fastest systemic collapse in history. (investmentresearchdynamics.com)