just just How banking institutions have actually set a trap for the U.S. Fed by producing cash
The 10-year anniversary of this 2008 financial meltdown is upon us.
About ten years ago, previous U.S. President George W. Bush finalized into legislation the money-printing scheme called the difficult resource Relief Program (TARP), targeted at buying toxic assets and equity from finance institutions to bolster the country’s shell-shocked monetary sector amid the sub-prime mortgage crisis.
In this 2014 photo, vines cover the leading of a boarded-up house in East Cleveland, Ohio. Ohio had been among the Midwest states hardest struck because of the sub-prime home loan crisis that started in 2007. (AP Photo/Mark Duncan)