All my feeds right now are full of libertarians who are upset about this.
The bailout itself isn't the main issue, it's mainly the Fed's irresponsible policies over decades.
They kept interest rates too low for too long, contributing to high inflation, then quickly jack rates to fix the problem they caused, then when banks begin to fail because of this rapid interest rate swing they fix that problem by rendering the FDIC $250k deposit insurance meaningless, furthering moral hazard, and to fix that problem they will...
All my feeds right now are full of libertarians who are upset about this.
The bailout itself isn't the main issue, it's mainly the Fed's irresponsible policies over decades.
They kept interest rates too low for too long, contributing to high inflation, then quickly jack rates to fix the problem they caused, then when banks begin to fail because of this rapid interest rate swing they fix that problem by rendering the FDIC $250k deposit insurance meaningless, furthering moral hazard, and to fix that problem they will...
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