Hence, secondary risk does exist for the U.S. which could translate to another breakdown in the global economic machine if credit starts to dryup again.
Managers could not run their businesses against the laws of economics, and officials could not pilfer from them indefinitely, if their source of cheap bank credit were to dryup.
To raise the odds of self-funding, first movers have an advantage because the credit, funding, and equity markets will continue to dryup as the crisis unfolds.