3 ms·
There were also side effects, i.e. many small banks closing because they were not 'worth' being saved. So what we saw was big banks getting an infusion, paying
by pempem 5y ago
There were also side effects, i.e. many small banks closing because they were not 'worth' being saved. So what we saw was big banks getting an infusion, paying it back and finding themselves at the top of a more consolidated market thanks to the US Govt.
https://www.politico.com/news/agenda/2022/01/19/minority-owned-banks-527315 https://www.politico.com/news/agenda/2022/01/19/minority-own...