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You mean, they paid it back by having the USG buy all their shitty home loans to get them off the books? I'm not a fan of the financial sector but let's keep t
by erichocean 11y ago
You mean, they paid it back by having the USG buy all their shitty home loans to get them off the books?
I'm not a fan of the financial sector but let's keep the facts straight here
- maxerickson 11y agoIt anyway isn't the case that TARP and QE are aimed just at the financial sector. They are aimed at preserving the existing economic order. If insurance companies start defaulting, things get exciting.
- meric 11y agoIf banks can 'pay back' their TARP loans with bad debts, students ought to be able to 'pay back' their student loans with promise of future earnings excess of minimum wage, that was supposed to be enabled by taking on a degree.