Re:FDIC set to take First Republic Bank into receivership
by TexanFeller on Saturday April 29, 2023 @10:21AM
(#35753116)
> All of the rhetoric about $1400 checks being the problem is just smoke and mirrors.
It was far more than $1400 checks. Student loans are STILL paused for goodness sakes. The enhanced unemployment checks were larger than regular checks for some people - even my wife who makes Ok money broke even without having to work for several months. $3000 per child given to families. For a couple years there was 2.5% 30yr mortgage financing and refinancing for everyone. That's just off the top if my head. It wasn't all for corporations, an insane amount of cash was thrown at regular people.
It was far more than $1400 checks. Student loans are STILL paused for goodness sakes. The enhanced unemployment checks were larger than regular checks for some people - even my wife who makes Ok money broke even without having to work for several months. $3000 per child given to families. For a couple years there was 2.5% 30yr mortgage financing and refinancing for everyone. That's just off the top if my head. It wasn't all for corporations, an insane amount of cash was thrown at regular people.