Bailed-Out Banks Charge Taxpayers Highest Fees in FDIC Sales »
Posted By engineer 9 months, 2 weeks ago in Business & FinanceCitigroup Inc. and Bank of America
Corp. , recipients of $90 billion in bailout funds from American
taxpayers, are charging financial companies three times more to
sell bonds under a U.S.-backed rescue program than government-
controlled Fannie Mae and Freddie Mac pay to issue notes with
similar maturities.
Read Full Story at bloomberg.com »
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engineer
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My background is Biomedical engineering with an MBA As you know from all my comments where I almost stand politically. I have loads of ...
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Rick78x9 months, 2 weeks ago
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We placed too much faith and trust in government, did not remain diligent in routing out the corruption in the government, and failed miserably to heed these words:
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If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them, will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." - Thomas Jefferson
... and now we're paying the price. -
50%
buckncindykill9 months, 2 weeks ago
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I had a problem with this story as well until I thought about it. The banks are acting like the gov't does when all else fails; charge more fees, or in the case of the gov't, raise taxes. Americans should be more ticked off at the gov't though, because we are taxed until we die, and even then it lingers. Think about it; we bail out the gov't 24/7.
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