1. Why Aren't the Banks Getting Loans Instead of Handouts?
Money factoring essentially makes it possible for banks to borrow a multiple of their on-hand assets from the Federal Reserve, a private enterprise that most people errantly assume is owned by the United States Government. ... This information is important in answering the question of why banks were given money rather than loaned money. ...
- Word Count: 578
- Approx Pages: 2
- Grade Level: High School