Money for nothing

[sparky]

OUTRAGE OF THE DAY: Do You Realize That The Government Is Still Paying Banks Not To Lend...?


The Federal Reserve is quietly continuing with one of the many outrageous bank-bailout programs it initiated during the financial crisis--the one in which it pays big banks interest on their "excess reserves."

What are "excess reserves"?

Money that the banks have but aren't lending out--money that banks are just keeping on deposit at the Fed.

The Fed is paying banks 0.25% interest on this money.

0.25% interest may not sound like much, but it's more than the banks are paying you to keep money in your savings or money-market account. It's also more than you'll earn if you lend the Federal government money for 2 years.

Oh, by the way, why, exactly, are you earning so little interest in your savings accounts and money-market funds?

Well, because, thanks to another one of its bank-bailout programs, the Fed is keeping short-term interest rates at zero.

In other words, the Fed is paying banks not to lend money and screwing you, American citizens, because you're dumb enough to have saved money.


Read more: OUTRAGE OF THE DAY: Do You Realize That The Government Is Still Paying Banks Not To Lend...?



Now look at them yo-yo's that's the way you do it
You play the public with the SEC
That ain't workin' that's the way you do it
Money for nothin' and your checks with fee
Now that ain't workin' that's the way you do it
Lemme tell ya them guys ain't dumb
Maybe get a blister on your little finger
Maybe get a blister on your thumb

We gotta install equity securities.
Custom pension's with extra fees
We gotta move derivative securities
We gotta move hedge fund sleeze

I want my, I want my, I want my ATM

 

[Douger]

Lemme 'splain this.
Your owners clearly see that China will quickly overtake the US as the world largest economy. They will NOT stand for that. You idiots swarm to Walmart and other stores that sell useless shit which contributes heavily to China's economy. The solution ? If you don't have any money you cant buy any of their shit. You weren't smart enough to do it on your own so you owners are "helping you out".
Yes. They will (are) going to take the economy all the way down, if that's what it takes.

 

[Mr Natural]

Chicks for free.

 

[Moonglow]

You people are so ignorant of the facts, all day and night this site has more misinformation than the Bible and the Quran combined.

Goods and services from China accounted for only 2.7% of U.S. personal consumption expenditures in 2010, of which less than half reflected the actual costs of Chinese imports. The rest went to U.S. businesses and workers transporting, selling, and marketing goods carrying the "Made in China" label. Although the fraction is higher when the imported content of goods made in the United States is considered, Chinese imports still make up only a small share of total U.S. consumer spending. This suggests that Chinese inflation will have little direct effect on U.S. consumer prices.

2.7%, yeah, those Chinese will over take the chicken littles of this forum.