Minnesota's three biggest banks say woes might be ebbing
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#1 Jul 23, 2009
Hmm...let us see..a bank gets free money from the Federal Reserve, pays a paltry sum in interest on deposits and lends money. How in the world can they not make money? Oh yeah, make loans that don't pay back. Still, the interest free money from the Fed Reserve has to be the greatest asset to a bank.
I saw an interview between some congressman and Bernanke and the congressman was asking why the Fed lent foreign central banks 500 billion dollars. Holy hanna 500 billion.
We are screwed!
#2 Oct 24, 2011
Lets work on loaning money to small businesses or penalize the banks bailed out with repayment with interest.
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