Quote:
Originally Posted by TGRR
snip~ The bailout was intended to allow the banks to steal capital from us, so they could loan money (specifically, OUR money to US). Our economy functions on lines of credit, and all that was required to turn this from disaster to a mere recession was for them to actually LOAN THAT MONEY OUT. ~snip
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I didn't think they we going to lend that money(ours) out.
I thought they would use that money(ours) as collateral so they could borrow more money(ours) from the Fed at 0% interest, and loan it out(to us) at 5% to 29% interest.
Then when we pay that money back, the banks could pay back the Fed(us), pocket the interest to pay back the bailout(to us), and pay their green's fees.
No?