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Home Moneta Blog Why did we bail out the banks?

Why did we bail out the banks?

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In our continuing series on the absurdities of today's world, look no further than this head line:

Guest Post: Congressional Research Service Confirms Big Banks Borrowed Cash For Next To Nothing, Then Lent It Back to the Federal Government at Much Higher Rates

Why did our governments need to borrow shedloads of money?

To bail out the banks so that the banks could then lend the government shedlaods of money.

 

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