A decade after the 2008 financial crisis: The lingering effects

GnauzBookOfRhymes

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And we did this in a more indirect manner by having the Fed engineer these super-low interest rates that were a transfer from savers to the financial system. Economist Ed Kane said that basically savers lost $300 billion in income a year. So that reduction of income right there, you see today.

a lot of people have a general sense of the bailout, but most people don't realize how blatant of a transfer of wealth the interest rate policy described above really was.

absolutely fukking insane. a literal license to print money.
 

FAH1223

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a lot of people have a general sense of the bailout, but most people don't realize how blatant of a transfer of wealth the interest rate policy described above really was.

absolutely fukking insane. a literal license to print money.

 

King Kreole

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Bernanke, Geithner and Paulson should be in fukking prison for the rest of their lives, but instead they're writing articles for the New York Crimes while enveloped in a protective bubble of respectability by our mainstream "thought leaders"...what a wonderful world
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