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Fix income inequality with $10 million loans for everyone! - The Washington Post
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A proposal by the former FDIC chairman, Sheila Bair, to now extend the U.S. Federal Reserve loans made to American bankers to everybody in this country. This will level the playing field, and bring a true sense of equality, with everyone entitled to the same benefit. And this could be done in Europe too, because the ECB could level the playing field by making the low interest loans it made recently to European bankers now available to everybody in Europe. And wouldn't that be a good idea? Yes, it comes from someone who has a good knowledge of banking, seeing us all through a financial crisis, and a keen sense of what is good for the U.S. and Europe. Bair makes her point in a novel way, yet it voices the feelings of the middle class in the U.S. and Europe.
Sheila Bair, former chairwoman of the FDIC, and a novel idea of making low interest loans available to the public and levelling the field with banks
04/13/2012
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Fix income inequality with $10 million loans for everyone! - The Washington Post
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Sheila Bair, former chairwoman of the U.S FDIC and her proposal to level the playing field for government loans to homeowners and banks
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Fix income inequality with $10 million loans for everyone! - The Washington Post
Washington Post 04/13/2012
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