Even if they’ve been repaid, the low interest rates might represent a big transfer of wealth from the poor to the wealthy.
They might represent a transfer from taxpayers to bondholders and shareholders of banks, but not to the tune of $9 billion.
Also thank you for providing the reference I was in too much of a hurry to.
Typo: you meant, “trillion”.
They might represent a transfer from taxpayers to bondholders and shareholders of banks, but not to the tune of $9 billion.
Also thank you for providing the reference I was in too much of a hurry to.
Typo: you meant, “trillion”.