4min chapter

The Compound and Friends cover image

Yes, This Is a Bailout of Credit Suisse

The Compound and Friends

CHAPTER

The Second Order Effect

Sally Kohn: The second order effect is probably less lending to less people and maybe more lending to the people that don't actually need to borrow. She says a series of public options that make loans available to people with lower incomes from the government will be deeply resisted by Republicans. "I think that the Fed has been raising too aggressively, but they've signaled it very clearly," she said.

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