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To: Gaffer

“How banks and lending institutions got into trouble way back in 2008 in the first place.”

Exactly—and then every “expert” denied that it caused the problem.

Dirtbags.


16 posted on 12/11/2023 8:22:16 AM PST by cgbg ("Our democracy" = Obey or get canceled.)
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To: cgbg
And the next 6 years on 4 occasions, Obama's Regime used Quantitative Easing a trillion dollars each to make what the House did go away seem harmless.

See the chart

https://i.insider.com/52e4250869bedd404cbf462b?width=960

Purchased Treasury bills to help legitimize massive debt and solvency, Mortgage Backed Securities (the new Credit Derivatives) and other 'agency' debt. The QEs fueled the start and continuation of trillion dollar deficits.

19 posted on 12/11/2023 8:30:35 AM PST by Gaffer
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