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 Post subject: It Begins
PostPosted: Wed Dec 17, 2008 7:33 pm 
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http://money.cnn.com/2008/12/17/autos/c ... 2008121717


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 Post subject:
PostPosted: Wed Dec 17, 2008 9:26 pm 
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Also mentioned on the evening news is that Ford that normally shuts down or two weeks is extending it to three weeks this year :cry:

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 Post subject: What $#ck$ is that the Federal Reserve..
PostPosted: Wed Dec 17, 2008 10:54 pm 
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..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 :idea: :!:

Any Bankers have any ideas what is going on?

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 Post subject: Re: What $#ck$ is that the Federal Reserve..
PostPosted: Thu Dec 18, 2008 5:27 am 
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warp2diesel wrote:
..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 :idea: :!:

Any Bankers have any ideas what is going on?


You just explained to me why banks are so full of money :)

That put things in perspective. I now resent my bank.

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