06-14-2010, 01:27 PM
<!-- m --><a class="postlink" href="http://www.rollingstone.com/politics/news/12697/64868">http://www.rollingstone.com/politics/news/12697/64868</a><!-- m -->
Making money everyday for a quarter is easy when they are taking the bailout money you gave them and lending it back to the government with interest.
"In one of the most common maneuvers, they simply took the money they borrowed from the government at zero percent and lent it back to the government by buying Treasury bills that paid interest of three or four percent. It was basically a license to print money — no different than attaching an ATM to the side of the Federal Reserve."
Making money everyday for a quarter is easy when they are taking the bailout money you gave them and lending it back to the government with interest.
"In one of the most common maneuvers, they simply took the money they borrowed from the government at zero percent and lent it back to the government by buying Treasury bills that paid interest of three or four percent. It was basically a license to print money — no different than attaching an ATM to the side of the Federal Reserve."