In the real world, strong banks that made good decisions should thrive and weak banks which made dumb investments and lending decision should fail.
But in the parallel universe inhabited by Sec Treasury Paulson, the wealthiest banks as well as poor banks should all get bucket loads of money so consumers won’t know which are weak and which are strong, but will keep on banking with the weak banks. As CNBC writes:
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What Really Happened: Paulson’s Parallel Universe
By mememan - Posted on October 25th, 2008
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