2 ms·
If what the author is stipulating is true, wouldn't banks have just written themselves a check during the 2008/9 crisis and never involved the President or Cong
by kodah 5y ago
If what the author is stipulating is true, wouldn't banks have just written themselves a check during the 2008/9 crisis and never involved the President or Congress? Basically a bank could avoid all crises by having enough global customers to offset risk they insert into each market. Yet, even global banks suffered during this crisis.
- elif 5y agoif they did their ratings would tank. but why do that when congress will create a specific mechanism of infinite money creation for you?