Wednesday, June 12, 2019

so, did i support the bailouts?

yeah.

i mean, you know they were actually loans, right?

we talk about the new deal a lot. a very important part of the new deal was the construction of what is called a lender of last resort. because, you know what happens to all of your money if the bank it's in defaults, don't you? i guess you don't like that part of the new deal.

funny. a lot of farmers liked it.

i don't think that savings banks should be gambling other people's money. but, a lender of last resort was a very important new deal reform, and i would advise keeping it in tact in case you need it again in the future.