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This isn’t a bailout for wall street, it’s an attempt to bailout the economy as a whole because there isn’t enough money in the banking system to cover the inst
by oxymoran 7y ago
This isn’t a bailout for wall street, it’s an attempt to bailout the economy as a whole because there isn’t enough money in the banking system to cover the institutional sell off. In other words, they had to do this to prevent a run on the banks which would royally fuck everyone.
- sg47 7y agoYes, because banks are over-leveraged. Regulations that kept leverage in check have been overturned by the GOP.
- missedthecue 7y agoCompletely and utterly false. Banks are at their lowest leverage of the last 40 years. This is verifiable hard data.
- OGWhales 7y agoCan you help me find this data?