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Reply #55: How many of these banks would still exist if they had to borrow this money on open market? [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
defendandprotect Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-11-10 11:16 PM
Response to Reply #14
55. How many of these banks would still exist if they had to borrow this money on open market?
At what interest rates --?

And on what terms -- ???

Many of the banks took this zero interst money and invested it in Treasury

securities rather than lending it out --

That money and that interest should come back to the American public --

These people should have been in jail and their corrupt businesses closed down.

Lots of pressure on Obama to nationalize these banks -- which is what should have been done!!

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