The government is now giving away the treasury to banks in the hope that they will have more to lend the borrower. That is a great way to stimulate the economy as long as the banks make all of the potential borrowers eligible for a big fat loan. The only problem is that the banks will go bust again when most of the big fat loans are not repaid. But the problem will be solved when Uncle Sam comes to the rescue and bails out the banks for a second time. There must have been an economic genuis that devised this theory to keep us all happy. It is deserving of a Nobel Prize.
Published by MP
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