https://x.com/BaldingsWorld/status/1872135170343727360
What I want you to notice is all this "stimulus" they are rolling out, what has been the biggest line item in EVERY announcement?
— Blume Industries CEO Balding 大老板 (@BaldingsWorld) December 26, 2024
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Bank recapitalization. Most of the money is going to make sure the banks didn't collapse and they aren't even scratching the surface https://t.co/MGtY5q9OtI
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That doesn't seem like much money tbh
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Compared to, say, the amount the US Government spent on the 2008 bailout, it's not that much; adjusted for inflation, that was something like $550 billion. Though that was, more or less, paid back in the end.
At the same time, "not as bad as one of the worst financial disasters ever" is a bit of darning with faint praise.
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I think it converts to like 30 dollars Canadian
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