I really don't get how Big Finance works. So the Federal Reserve -- which is NOT a governmental agency but a private bank -- is loaning up to $200 BILLION to various financial institutions for the next month. To help freshen up the rancid economy. If they default on the loans, the borrowers lose the loans THEY'RE holding which they got from people and businesses that couldn't make THEIR payments. All the while we're being reassured BY the Federal Reserve that we're not in a recession. This all feels like a hospital that's put a dead guy on life support while they assure the family he's resting comfortably as they're in the back, cleaning out the stiff's wallet.
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