Why are we loaning money to banks at an interest rate 16 times lower than we’re paying for the money? [...]
COMMONER: A person WITHOUT noble rank or title. ![]() |
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Why are we loaning money to banks at an interest rate 16 times lower than we’re paying for the money? [...] These guarantees by the FDIC, using taxpayer money, seems to be a subject that everyone wants running under the radar. The only money regularly talked about is the TARP money, and how Citigroup is “paying-it-back”! [...] The jockeying by Wall Street to avoid regulation and control, their efforts to re-write financial crisis history, and continue with business as usual, has gone pretty much unnoticed. [...] Now here’s a question to ponder — Is the FDIC’s “cash” reserves really down to only $10 billion? Or is it much, much more? Could it possibly be that a trillion or so has been set aside to cover guarantees the FDIC made to investors who invested in banks? [...] |
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