The Federal Reserve gave boatloads of cash to the major banks (at - TopicsExpress

The Federal Reserve gave boatloads of cash to the major banks (at a 0.5% rate) after the meltdown of 2008. We *hoped* they would loan that money out to spur the economy. Instead, the big banks convinced the government to borrow that same money back (at a 2%-3% rate) to pay down the national deficit. As the film says, If you understand that, youll understand why the banks have recovered and nobody else has.

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