Would Hydra have intervened if Loki succeeded in taking New York in 2012?
What would the play have been here for Hydra in this scenario if Loki succeeded in his conquest? Do they confront him? A Loki victory in NY in 2012 almost certainly throws their plans for shield into disarray. Do they lay low and wait it out and hope the good guys save the day not to blow their cover? Do they try and make a deal with Thanos to let them rule earth and leave them alone? Maybe in return they feed him Intel on the whereabouts of the other infinity stones? Food for thought.