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Exactly
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ehoff
Posted 11/29/2009 13:27 (#942652 - in reply to #942592)
Subject: Re: Exactly


Central Missouri
The shame of all of this is that the too big to fails, who's lending practices were a big source of the problem, are now able to borrow at effectively zero percent interest. With these profits they are paying themselves huge bonuses all the while probably creating another bubble of epic proportion that will either 1. devalue the dollar to zippo and create hyper-inflation, or 2. will blow-up just like the real estate bubble did. All this while those of us that actually produce wealth, now see CD rates reduced to around 1% and the cost of our borrowing increased to 6-7%. Robin Hood in reverse.

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