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Fed Ups Its Wall Street Bailout to $690B a Week as Media Snoozes
- AnimalMuppet 7y ago$120B in overnight loans is not $690B a week. It's the same $120B, lent at night, repaid in the morning, and lent again the next night. A site that doesn't understand even that much about what they're talking about is not a site that I'm going to read in order to find insight about Wall Street. [Edit: spelling]
- ncmncm 7y agoLend me $120B every single night, then. I'll pay it back each time, and pocket $30M each time. Why are they getting any?
- sp332 7y agoThis was a story when it started because it did remind people of the last big financial crisis. But after investigating the underlying reasons, it's just not that interesting. That's why the media "snoozes". This time it's not a crisis.
- ncmncm 7y agoThis is trying to paper over a crisis.