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Autor: K2l4l (shelbyf50@gmail.com) Titulek: EeucYwCglZNJqBh
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It began with the Troubled Asset Relief Program (TARP) at the end of the George W. Bush administration, authorizing the federal government to buy up the “toxic assets” piled up by dopey banks during the housing bubble. That was meant to prevent the American banking industry from collapsing, and in that sense it worked. But in the years that followed, the Federal Reserve supersized it, continuing to buy toxic securities and issuing US Treasury bonds that have been the world’s overwhelming choice as a safe haven in volatile times. |
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