- Jan 23, 2014
- Reaction score
- Central Ohio
The Fed doesn't wipe the slate clean. They are swapping assets for credits. A bank gives a $1 Million in assets, in exchange for $1 Million in credits at the Fed account.That theory seems to be testing well on Wall Street.Interesting theory. So in your world, if you nationalize a debt burden, then it ceases to exist?
Why didn't that work in 2008? So you are in favor of socializing the debt of banks? Because in your world the debt just magically vanishes?
Why not use it for the 99%?
Forgiving student debt doesn’t actually solve the root of the problem
Wiping the Slate Clean: Quantitative Easing, “Cancelling” Student Debt, and the Latent Power of the Fed
"October 26, 2016
"ALIGNING FINANCE WITH PEOPLE AND PLANET
"The monetary policy known as 'quantitative easing' has been grabbing headlines recently.
"For months it has been at the center of Green Party presidential candidate Jill Stein’s platform, where it’s cited as a way to 'cancel student debt' and 'bail out' a debt-shackled generation of former students who are suffering due to the excesses of Wall Street."
What are you going to swap for debt?