The only “glimmer of hope” I see is one bank announced record profit.
By Daniel at 12 April, 2009, 12:40 pm
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This bank gave you near-zero (or actual zero) interest earned on money you loan to this bank, when you make a deposit or buy a CD you are loaning money to this bank and yet when you go to borrow money you’re being screwed with record-high spreads that this bank is pocketing - in mortgage and credit card interest rates charged.
This is the biggest rip-off I have seen, and our Government does not care whatsoever about this matter. If this isn’t one of Ponzi style banking, then what is.
How can anyone see any “glimmer of hope” when,
1. Unemployment is rising (this will go beyond the 10% forecasted)
2. 23 Banks are shut down by FDIC this year
3. GM will be filing bankruptcy
4. Our budget deficit is almost a trillion dollars
5. Foreclosures are on the rise
6. Companies cutting/freezing salaries, cutting 401k match and medical benefits.
How can we see our government taking our hard earned money, giving to the Banks to rip us off and screw us like this. When will we open our eyes and stop this nonsense. Incredible.
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