If you agree with this, from a Financial Times columnist, we are in a bad place: The Fed is divided on how far the risk of higher inflation argues for caution in maintaining, let alone increasing, the monetary stimulus provided by very low short-term interest rates and quantitative easing. Markets had come to assume […]
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Jonathan Tasini's Ruminations on Work, The Economy, and PoliticsTag Archive | "Global Finance"
Global Banks Took Our Money, Even When They Didn’t Need It
Posted on 29 December 2010.
Putting aside the larger argument for the moment about whether we–the taxpayers–should have stepped into to save failing institutions, it is pretty clear now that what we also did was just give a nice new revenue stream for banks that did not need the money but figured, heck, why not get our taste from the […]
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