Friday, January 16, 2009
.....While the Taxpayer Goes Bust
So the banks hoard reserves, essentially blackmailing the Federal government to get the taxpayer funds they want. Capital infusions & asset guarantees at the same time the Federal Reserve actually is PAYING A HIGHER RATE TO HOLD RESERVES than the market pays for deposits. We are being had here folks.........
Posted by MK at 9:18 AM