This is the kind of stuff I don't like about Bernie. Here he is misrepresenting short-term loans as donations. He made similarly misleading statements about campaign finance, implying that billionaires were giving unlimited money to his opponents' campaigns.https://twitter.com/SenSanders/status/1238223131204030466 …
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Replying to @Pinboard
Not a lot of other constituencies can count on short-term, low interest loans from the government to ride out a liquidity crisis. Thus the payday loan industry
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Replying to @bergmayer @Pinboard
They are providing liquidity for the treasury repo market. Many companies need access to this to make payroll.
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Yet liquidity for people who get paid on Friday but have to make rent on Wednesday is not much of a public priority. (This is why people support postal banking)
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Replying to @bergmayer @kalinh
This is why Bernie's approach makes me so mad. Go after this easy money on the merits! It's so easy to attack without being misleading about what's going on.
8:01 AM - 13 Mar 2020
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