Search This Blog

Friday, August 13, 2010

Americans Not Reaping Benefits of Feds' Virtually Free Money Given To Banks

aptain Spaulding DETESTS banks- and Wall Street.

I don't know if you're aware of this- but for more than a year now- banks have been able to borrow Federal taxpayer money at next-to-zero interest rates- basically free taxpayer money more-or-less given to the fat cats. 

Many of those same banks are the ones who have boosted credit card rates and fees- further gouging the American taxpayer- as well as making small business loans next to impossible to obtain.

 The head of America's semi-private Federal Reserve bank in Kansas City- Thomas Hoenig-  who by the way does not answer to American taxpayers- is somewhat critical of all the free money- according to this story from the LINCOLN (NE) JOURNAL-STAR.

No comments: