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Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi: |
11-28-2011, 12:36 PM
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#3
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sick of bluefish
Join Date: Aug 2003
Location: TEXAS
Posts: 8,672
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i read article breifly and think there is some bias to the info and a general lack of understanding of how the ecnomy works.
Banks borrow from the central bank and other banks daily, its the foundation of the banking system and how money flows. I would expect there to be huge swings during the crisis. Big banks borrow from the govt and then lend to you and make to make profits, its what they do. For example walmart buys tvs from a wholesaler and sells to you for a profit, same for banking and the owner of the currency is......the fed. Nothing shady here, just old news IMHO
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