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I was specifically addressing the idea that $30T was given to companies. This simply isn't correct. A better analogy would be if the government decided to "gi
by downerending 6y ago
I was specifically addressing the idea that $30T was given to companies. This simply isn't correct.
A better analogy would be if the government decided to "give" $90K to each homeowner in return for a $90K share in their home equity (valued according to some plausible marking). That's very different than simply giving them $90K with no strings attached. Certainly something is being given, but it's not worth anything like $90K.