We could've forgiven the entirety of every single student loan yesterday, but instead -- Fed to Inject $1.5 Trillion in Bid to Prevent ‘Unusual Disruptions’ in Markets

submitted by magnora7 from wsj.com

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[–]realister 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

$1.5 Trillion is a loan that has to be paid back in full by the banks.

[–]magnora7[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Yes... eventually. But for now it's free money. Especially since the interest rate is basically 0%