Who is to lose in this deal? The banks or the tax payers? The banks will never do business without profit, so I doubt the banks must have some goodies from the gov. Then, we the tax payers, what do we lose from this.
Although I don’t think this will help a lot of people, “thousands over millions”, but this is against the concept of capitalism and open market economy. We always blame China about too much legislative and administrative control over their economy and currency policy. What happen to us. We are doing the same thing here big time. What open market, it is purely “artificial”. Our new economic direction is “communitalism”.
