Hacker News new | past | comments | ask | show | jobs | submit login

It want to capital infusions for major banks and QE-related asset swaps. It's not like money was printed and given to people.



> It want to capital infusions for major banks and QE-related asset swaps

The $3 trillion figure is from the 2016 budget. I don't believe any capital was infused into banks à la TARP [1] last year. Also, QE refers to the Federal Reserve, instead of just buying Treasury bonds from banks, buying a broader portfolio of assets. This is done off the Fed's balance sheet and does not come out of tax proceeds.

[1] https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: