Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

truedelphi

(32,324 posts)
2. You and I have had the Fed Reserve disagreement for quite a while now.
Sat Mar 2, 2013, 10:57 PM
Mar 2013

The Federal Reserve does keep interest rates down, fr the inner circle of Big Financial players. Who are mostly A) sitting on a whole lot of the money and B) what they' re lending out tends to go to each other, so that they can do the merger thing. (In fact, this past week was a record week for mergering! Great bit of profits for anyone whose last name is Buffett!)

But in terms of the average Joe and Judy, they have to rely on the 8.9to 29.9% loans offered by the credit cards.

I could go further on this riff of mine, like getting into the particulars of the LIBOR situation.

Typing out more of a response probably won't help you get to the larger picture. But perhaps some others reading here might be interested, so here is one decent link:

ttp://www.huffingtonpost.com/rep-bernie-sanders/the-veil-of-secrecy-at-th_b_1072099.html

Recommendations

0 members have recommended this reply (displayed in chronological order):

Latest Discussions»General Discussion»SSH! What they won't say ...»Reply #2