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We maxed out credit card after credit card.
Trade volumes recovered after credit conditions eased, and many economies began growing again.
Lending standards are usually tight for years after credit busts, not months.
"It was credit card after credit card, instant approvals, thousands dropping through the letterbox.
"You look at some of the people who get credit after credit," Mr. Gordon said.
Growth is better than either tax rises or spending cuts but, experience also suggests, growth after credit busts is scanty.
Similar steps were taken in the United States and Britain after credit markets froze and stocks worldwide tumbled.
Sterling extended its rally after credit ratings agency Standard & Poor's restored its outlook on the UK to "stable' from "negative".
Even six years after credit started to seize up around the world, we are still relying on the Fed to keep the economy moving.
All proceeds after credit card processing fees go to charities fighting hunger, including No Kid Hungry and Rockaway Plate Lunch, which helps people affected by Hurricane Sandy.
A plan to develop the Pitkin as income-restricted housing faltered after credit markets dried up, said Kenneth Olson, the chief executive of Poko.
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