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Reply #2: Here's one for you. They buy the money from the printers to send to [View All]

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Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU
FloridaPat Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-17-05 11:39 PM
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2. Here's one for you. They buy the money from the printers to send to
the banks. Guess how much they for a $1, $10, $100, $1000 dollar bills? The same amount - the cost of the printing. They take money from banks as insurance against banks going under "Insured by the FDIC". However, very big banks have convinved the Fed they shouldn't have to pay for insurance because they are too big to fail. So they don't pay and just to make sure nothing goes wrong, the Fed has employees in each bank to watch over things. Who pays for this? The Taxpayers, who else.
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