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Reply #58: Actually, many banks took the 0% loans and bought Treasury securities with it .... [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 11:25 PM
Response to Reply #38
58. Actually, many banks took the 0% loans and bought Treasury securities with it ....
at .035% and .04% -- rather than lending it out to the public --

That's also from Bernie Sanders!!!

That was inbetween their paying themselves huge bonuses!!

Public should get all of that money back plus the interest!!



Meanwhile, they could not have saved their banks by going to the open market

No one would have lent them money -- and even if any was lent it would have been

at unaffordable rates -- and unaffordable terms!!

These banks were corrupt and criminal and should have been nationalized --

as Obama was told. Rahm bragged about Obama not nationalizing them and rather

"rescuing" them.


All of this can only happen via corruption of government!!

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