Remember when Fannie Mae and Freddie Mac insurance saved you? And FDIC? In 2008? LOL
Name a single federal government insurance program that hasn't gone broke? Social Security? Medicare? LOL FDIC already went broke years ago. This wouldn't even be the first time.
This is why wanting Obamacare was so retarded. The federal government had already bankrupted every insurance program it ever managed. Why would Obamacare be any different?
At your universities, all the overpaid egghead pseudo-intellectuals tow the line for government power grabs every time.
Probably true but then again this would likely turn into QE INFINITY 3.0
Gyna is right. Multi year inflation, back to QE (brrrrrrrrrrr) and M3 and beyond. We will have our Unkle Sams but what do we buy with them?
Fuck you. How's that?
Pdf sources: https://www.fdic.gov/about/financial-reports/reports/2022annualreport/ar22section3.pdf
Brings up another good point- some of these banks have huge amortized losses. Wow look at ALLY. Car loans in general are a powder keg
Remember when Fannie Mae and Freddie Mac insurance saved you? And FDIC? In 2008? LOL
Name a single federal government insurance program that hasn't gone broke? Social Security? Medicare? LOL FDIC already went broke years ago. This wouldn't even be the first time.
This is why wanting Obamacare was so retarded. The federal government had already bankrupted every insurance program it ever managed. Why would Obamacare be any different?
At your universities, all the overpaid egghead pseudo-intellectuals tow the line for government power grabs every time.