5 sats \ 1 reply \ @Undisciplined 2 Dec 2023 \ parent \ on: Europe: Sprouting Special Assets meta
If I'm remembering 2008 correctly, the Fed bought bundles of "distressed" assets off of the banks at roughly pre-recession market prices and claimed that they were going appreciate over time (when everybody knew they were going to remain worthless).
I guess we can call this ''reflating'' the bubble. That's what they'll do again.
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