A record $2 trillion surge in cash hit the deposit accounts of U.S. banks since the coronavirus first struck the U.S. in January, according to FDIC data.
A record $2 trillion surge in cash hit the deposit accounts of U.S. banks since the coronavirus first struck the U.S. in January, according to FDIC data.
after 2008 and after covid, whole industries would not exist were it not for the govt welfare. the banks are one example post 2008. capitalism literally exists because of the govt.
Joe Biden and running mate Kamala Harris each ran on axing subsidies, but the party said including that in the final draft of the platform was an "error."
Weird how $300/week in unemployment is a "handout" but $1.9 trillion in tax cuts, $800 billion in PPP and trillions to prop up the stock market is a "stimulus"
So,every government says we need to wind down fossil fuels to fight climate change and we are simultaneously pouring money into these companies to help them continue to expand."Fossil fuel industry gets subsidies of $11m a minute,IMF finds"