Some of the big banks are paying back the TARP money, even with interest. The BIG investment banks were offered basically free gifts from Uncle Sam..... those gifts are not being paid back.
These investment banks were offered free bank charters to get access to Uncle Sams funds....
The charters are not being paid back.
These banks are not being required to pay back interest owed the Fed on other banking instruments that propped them up.
These banks are basically being loaned money by the Fed at ZERO interest and in return they are paying the tax paying SAVERS about 0.17% on their savings. That is basically robbing savers of their interest.....
Quite a deal when they are paying themselves rediculous bonuses....
Are the bankers doing anything just about any body wouldn't do? No. So who is the problem?
The US Government policy....
Friday, January 22, 2010
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