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uponit7771

(90,359 posts) Mon Mar 16, 2020, 09:42 AM Mar 2020

STUPID THINKING 101: Grass root money stoppage means give tons of cash to banks !?!?

How the hell is that supposed to help the grass root money stoppage !?

It should be 75% to the problem 25% to the peripheral.

The banks and business's will just keep the money, like they did the last time, they have no obligation to spread the wealth.

Is my thinking correct?

thx in advance

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STUPID THINKING 101: Grass root money stoppage means give tons of cash to banks !?!? (Original Post) uponit7771 Mar 2020 OP

In 2009 some banks and S&L's in my area went under when their managers borrowed and defaulted wishstar Mar 2020 #1

wishstar

(5,271 posts)

1. In 2009 some banks and S&L's in my area went under when their managers borrowed and defaulted

Reply to uponit7771 (Original post)

Mon Mar 16, 2020, 09:47 AM

Mar 2020

Some top bank directors couldn't resist all of the "free" money available and gave each other big loans at close to zero interest but then they defaulted because they put their loaned money into extravagant purchases including high dollar real estate that tanked.

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