Sunday, 16 May 2010

Another Way That The Federal Reserve Makes Massive Gobs Of Money For The Big Banks


When most people discuss how the Federal Reserve benefits the big banks, they usually only focus on the ways that the Federal Reserve directly brings in income. But there is so much more to it than that.

The Bailout of Big American Banks Has Cost Trillions More Than We’ve Been Told
Granted, the $700 billion dollar TARP bailout was a massive bait-and-switch. The government said it was doing it to soak up toxic assets, and then switched to saying it was needed to free up lending. It didn’t do that either. Indeed, the Fed doesn’t want the banks to lend.