..has lowered the rate the banks pay to 0.25% to 0.00% and they can legally leverage that money 10:1. The crook who ripped off a bunch of the wealthy leveraged his money 30:1 and Fannie Mae/Freddie Mac leveraged their money 40:1.
Borrow the money for 0.25% and leverage it 10:1, what a scam. Put it this way borrow $10.00 pay $0.25 a year in interest to the FED and loan $100.00 and collect $12.00 in interest at 12% and they can't find the money to loan.
I think they are waiting for the FED to pay them 10% to borrow the money to loan
Any Bankers have any ideas what is going on?