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I know that's in reference to the UK, and I don't know how their bailout system worked, but I know how the US one worked. These loans were repaid in full and ge
by arcticbull 4y ago
I know that's in reference to the UK, and I don't know how their bailout system worked, but I know how the US one worked. These loans were repaid in full and generated a $110B profit for the US government. [1]
[edit] Note also that the US bailouts weren't monetary policy, but fiscal policy. They were administered by Treasury, not by the Federal Reserve.
Now do the Wormhole bailout by Jump lol.
[1] https://projects.propublica.org/bailout/ https://projects.propublica.org/bailout/
- latchkey 4y agoThat is the message encoded in the first bitcoin block.