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washedup
on Nov 9, 2012
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The People's Bailout
Won't a result of this be an increase in the "cost" of debt, and hence interest rates on variable loans would raise for everyone else while other's are being paid off? Seems bad..
wavesounds
on Nov 9, 2012
[–]
No by buying bad debt that nobody wants to buy you are adding liquidity to the market, its a win win for everyone involved.
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