News for hackers. Stuff that matters.

A comment on Wormhole confirms all $320M in funds have been restored. Parent comment

Re:Wormhole confirms all $320M in funds have been restored by pirate787 on Thursday February 03, 2022 @02:46PM (#30197743)
There were multiple stages of bailouts, including Federal Reserve asset purchases which directly transferred resources from dollar holders to for-profit shareholders and bondholders. The Fed's intervention dwarfed the TARP bailout and is the largely the reason TARP was successful...they moved the economic loss from Treasury to the Fed.

https://mitsloan.mit.edu/ideas-made-to-matter/heres-how-much...

[ Parent | on HN ]
Re:Wormhole confirms all $320M in funds have been restored by arcticbull on Thursday February 03, 2022 @02:47PM (#30197766)
That's not how the Fed works. [edit] (As I replied in a peer comment, increasing the money supply is not debasement or a loss - that is measured from its impact. In the years subsequent to the bailouts inflation hit at some point an annualized -4% before returning to a range of 0-2% going into COVID.

Modern economics isn't as simple as "supply up bad.")

[ Parent | on HN ]
Re:Wormhole confirms all $320M in funds have been restored by NovemberWhiskey on Thursday February 03, 2022 @03:12PM (#30198101)
Your comment doesn't appear to have much to do with the link you have provided; could you add some more context?
[ Parent | on HN ]