Can someone please explain this.
Government created money from thin air to enable them to buy assets from banks so that banks have lots more money?
If the banks can't sell their crap to anyone except govt printing money surely these assets are toxic/worthless?
In which case, banks will make a profit and pay the profit in divdends to shareholders and massive bonuses to execs.
Which means very little money will make it into more loans.
Taxpayers making the banking bosses and rich, richer. Again.
Government created money from thin air to enable them to buy assets from banks so that banks have lots more money?
If the banks can't sell their crap to anyone except govt printing money surely these assets are toxic/worthless?
In which case, banks will make a profit and pay the profit in divdends to shareholders and massive bonuses to execs.
Which means very little money will make it into more loans.
Taxpayers making the banking bosses and rich, richer. Again.
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