Bankster Bailout: will the trickle-down package trickle beyond the banks and big business? – Michael West

QE, Reserve Bank, RBA

Irresponsible lending created the GFC (ODT)

The Morrison Government’s emergency measures to protect the economy are another massive subsidy from embattled taxpayers to Australia’s largest corporations. They are a failure of government to govern. Michael West reports.

Question: why would a bank lend money to a business with no customers?

Answer: it wouldn’t.

Question: who will benefit from the Reserve Bank’s massive loan and money-printing program?

Answer: banks, bond traders and corporate customers.

Bankster Bailout: will the trickle-down package trickle beyond the banks and big business? – Michael West

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