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That is a huge problem. We were not pushing 40 trillion in debt at the time of the great financial crisis. The TARP was a max of 700 billion and we didn't eve
by Libidinalecon 11mo ago
That is a huge problem.
We were not pushing 40 trillion in debt at the time of the great financial crisis.
The TARP was a max of 700 billion and we didn't even disburse all the funds.
Trying to do a bailout of this size could easily cause a crisis in the treasury market. Then we really are in huge trouble.