2 ms·
It's just petty corruption. The FED has raised rates (many people will lose from that). Some people don't want to lose from that. The FED decided to not raise r
by csomar 4y ago
It's just petty corruption. The FED has raised rates (many people will lose from that). Some people don't want to lose from that. The FED decided to not raise rates (ie: holding your low-rate bond to maturity is basically that) for some people. This "some people" are denominated "systemically important"; in other countries they are called "friends of friends", or "oligarchs".
This is the closest the West can be to the East. We finally had the "rapprochement"!