The Fed Has Already Lost the Inflation Fight – Ep 807
The Peter Schiff Show Podcast
00:00
The Government Wants to Force the Banks to Make Bad Loans to Non Creditworthy Borrowers
Banks making loans to borrowers that never should have got credit. These borrowers defaulted in mass following the two thousand eight financial crisis. And now they're trying to force the banks again to do the same thing. They are doing the right thing by nying non credit worthy borrowers credit, but the government wants to force them to do that. All the credit worthy borrowers are going to end up having to pay higher interest rates to cover all the losses that the bank is going to incur"
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