Quote:
Originally Posted by huey
The down side is that most people don't even know what QE is and do not realize they are bailing out huge banks and companies that fucked them in the first place.
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But besides that... is there no downside in printing up cash and using it to buy up toxic assets? What about MORAL HAZARD? Seems like a big fat GOVERNMENT SUBSIDY for BAD PRIVATE INDUSTRY DECISIONS! Socialize the risks (through bailouts) but PRIVATIZE the profits... is that a good idea?