06-14-2010, 05:27 PM
Zephyrs Wrote: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.
The bailout money was not interest free, banks had to pay 5-7% on that money (usually in the form of perferred stock dividends). The free money talked about in the article was the money lent via the normal process of the central bank lending to the money center banks with low rates i.e. 0 to .25% (which incidentally is still available today).
"Hamilton is really a Colossus to the anti republican party. Without numbers he is an host within himself. They have got themselves into a defile where they might be finished but too much security on the republican part will give time to his talents and indefatigableness to extricate them. We have had only middling performances to oppose to him. In truth when he comes forward there is nobody but yourself who can meet him. His adversaries having begun the attack he has the advantage of answering them and remains unanswered himself. For God's sake take up your pen and give a fundamental reply to Curtius and Camillas" - Thomas Jefferson to James Madison