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Post by robeiae on Sept 9, 2018 16:52:35 GMT -5
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Post by Don on Sept 9, 2018 19:07:55 GMT -5
Of course nothing has come of this. The Federal Reserve is another textbook example of regulatory capture, concentrated benefits and dispersed costs, and the truth of the concepts behind Public Choice Theory. If the bailouts had been intended to help the "little people," there would have been forced mortgage markdowns to pass the bailout money to the borrowers, instead of handouts to executives.
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Post by robeiae on Sept 10, 2018 8:04:43 GMT -5
I ran across it again because in doing some financial due diligence, I happened upon Waterfall Asset Management, which is the parent fund of Waterfall TALF. Waterfall TALF seems to have closed up shop, more or less.
But what got me here was the promise of more to come: more revelations, more documents, more action, etc., with respect to where all of this bailout money really went.
Crickets.
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Post by Christine on Sept 10, 2018 20:22:42 GMT -5
If the bailouts had been intended to help the "little people," there would have been forced mortgage markdowns to pass the bailout money to the borrowers, instead of handouts to executives. Don't be silly. Helping the little people is always socialism.
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