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The Federal government can rely on printed money to cover Big Five bank failures. In BC, how would the government fund a bailout if several Credit Unions colla
by rkagerer 4y ago
The Federal government can rely on printed money to cover Big Five bank failures.
In BC, how would the government fund a bailout if several Credit Unions collapsed at the same time?
- acover 4y agoWhere there is a will, there's a way. The us federal reserve bought corporate bonds during the covid crisis. Can you imagine the fallout of a bank run on all credit unions? The federal government would find a way to prevent that.