Larks comments on Mathematicians and the Prevention of Recessions - Less Wrong
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According to Wikipedia:
But TARP was just a small part of the whole picture. What concerns me is that there seem to have been somewhere between $1.2 trillion and $16 trillion in secret loans from the Fed to big financial institutions and other corporations. Even if they've been repaid, the low interest rates might represent a big transfer of wealth from the poor to the wealthy. And the fact that I'm seeing figures that differ by more than an order of magnitude is far from reassuring, too! The GAO report seems to be worth digging into. If not mathematicians, at least accountants could be helpful for things like this!
They might represent a transfer from taxpayers to bondholders and shareholders of banks, but not to the tune of $9 billion.
Also thank you for providing the reference I was in too much of a hurry to.
Typo: you meant, "trillion".