4 ms·
Nah, but nice job whitewashing QE as anything but a massive upward wealth redistribution. Instead, the bad CDOs and CDSs could have just been unwound one by on
by spopejoy 5y ago
Nah, but nice job whitewashing QE as anything but a massive upward wealth redistribution.
Instead, the bad CDOs and CDSs could have just been unwound one by one with investment banks eating the losses and a lot of rich people becoming poor. Sure some _actual_ banks might have needed a holiday or two but instead we got TARP and QE.