Hacker News new | ask | show | jobs
by alchemist1e9 1431 days ago
Is it possible for TARP or ML to have actually lost money on those loans if the very same distressed assets the borrowing entities held were being simultaneously bought in the open market by the same Fed using QE?

Is not possible and all of it was a complicated shell game with analogies to money laundering. You have picked the wrong savior with central banks and are clearly drinking their Kool-Aid, roughly $8T of it.

https://crsreports.congress.gov/product/pdf/IF/IF12147

1 comments

> Is not possible.

That's a good opinion that isn't really relevant to the fact that in retrospect everything worked out great. What harm specifically are you seeking to point out?