Nearly half the money — $143 billion — went to holding companies for the two major banks that failed over the past week, Silicon Valley Bank and Signature Bank, triggering widespread alarm in financial markets.
No one asks how they're going to pay for it either. No debate. No hesitation.
Housing? Student debt? Helathcare? Nope nope nope can't pay for it. But this shit, arming nazis, adding more bazinga bases - MUST DO NOW! Damned joke of a country.
These are loans though, not tax-funded programs. They’re presumably going to be paid back (albeit probably at a generously low interest rate - that’s a separate discussion) so “hOw aRe yoU gOiNg to PAy fOr it?” doesn’t apply the same way.
No one asks how they're going to pay for it either. No debate. No hesitation.
Housing? Student debt? Helathcare? Nope nope nope can't pay for it. But this shit, arming nazis, adding more bazinga bases - MUST DO NOW! Damned joke of a country.
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Banks: Bailed
People: Failed
These are loans though, not tax-funded programs. They’re presumably going to be paid back (albeit probably at a generously low interest rate - that’s a separate discussion) so “hOw aRe yoU gOiNg to PAy fOr it?” doesn’t apply the same way.
I have no faith that these won't just be forgiven like the round of loans during early covid.
The PPP loans given to business came from Congress I think. A ton of those got forgiven while of course student debt did not
The Russians are invading the banks