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TreasonousBastard

(43,049 posts)

4. That's a lot of money, but...

Reply to MindMover (Original post)

Fri May 11, 2012, 02:19 AM

May 2012

it's OK if it's paid back. Most of it, at least.

One major function of the Fed is to keep the discount window open during a crisis, which is apparently what happened. The question is-- when does the number get so big it's insane and can never be paid back...

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CORRECTION: Erin Burnett on CNN says we gave the banks $250 billion..... [View all] MindMover May 2012 OP

Did they pay this back? Traveling_Home May 2012 #1

Hundreds of Billions has supposedly been paid back..... MindMover May 2012 #2

That reminds me of that Onion piece: freshwest May 2012 #5

Oh, well, what's a few trillion here or there or even over there... freshwest May 2012 #3

That's a lot of money, but... TreasonousBastard May 2012 #4

See, now there you go: '...the discount window open during a crisis...' freshwest May 2012 #6

I do that to confuse people who... TreasonousBastard May 2012 #8

I think we are past that point..... MindMover May 2012 #9

If all that had been given to everyone in America newfie11 May 2012 #7

That's what I thought, too. Like give a course to each person who might not have planning skills and freshwest May 2012 #10