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Broken BitBank Bitfinex shaves 36% from all accounts

Anonymous Coward
Anonymous Coward

Quantitative Easing effectively has the same effect. The government/bank prints money to increase the amount in circulation. People use that money to invest in inflating house prices. Prudent savers suddenly find their life-savings are depreciating to pay for it.

I never did understand why the solution to a financial crash caused by too many over-geared borrowers - was to make it even cheaper to get new loans.

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