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Ignoring the awful attempt at conversational writing, this is bad news for Americans in the long term. Short term we add liquidity, allow hedge funds to deleve
by dilandau 6y ago
Ignoring the awful attempt at conversational writing, this is bad news for Americans in the long term.
Short term we add liquidity, allow hedge funds to delever, and prop up a market everyone wants to crash. Longer term the taxpayers (individuals and American businesses) are going to be eating the cost.
This bailout makes 2008 a blip on the radar. It's going to take decades to play out.
- lainga 6y agoWell, I'm sorry if you don't like Matt Levine's style, but he's been at his attempts for many years now and it's what distinguishes him from the rest of the regular columns. I think to the point where if anyone else at Bloomberg tried it, they'd be accused of a game stab at Money Stuff. So maybe he's doing you a service...
- deleted 6y ago[deleted]
- dilandau 6y agoImagine responding to my actual comment.