Tuesday, April 26, 2011

Analysis: Banks Play Shell Game with Taxpayer Dollars | Common Dreams

Analysis: Banks Play Shell Game with Taxpayer Dollars | Common Dreams

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With the help of the Fed....
Analysis: Banks Play Shell Game with Taxpayer Dollars
www.commondreams.org
BURLINGTON, VT - A study requested by Sen. Bernie Sanders (I-Vt.) found numerous instances during the financial crisis of 2008 and 2009 when banks took near zero-interest funds from the Federal Reserve and then loaned money back to the federal government on sweetheart terms for the banks.