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Old 12-03-2010, 08:18 AM
 
3,283 posts, read 5,206,489 times
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Interesting to see the list of banks and corporations who got fed assistance during the meltdown. now i don't believe the govt should make loans or give bailouts to anyone in the private sector, but if they do, then everyone should get assistance
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Old 12-03-2010, 08:20 AM
 
3,153 posts, read 3,593,308 times
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This is always the case..there is a fed funds rate, a prime interest rate, etc. wholesale / retail concept..
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Old 12-03-2010, 08:26 AM
 
Location: Londonderry, NH
41,479 posts, read 59,768,722 times
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The privately owned Federal Reserve Bank owns our economy and it is in turn owned by the biggest of the financial firms. So they use the money made by charging you interest to make zero interest loans to themselves. When you effectively own the government it will not charge you for a loan. Do you think the Boss pays interest to a loan shark?
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Old 12-03-2010, 08:58 AM
 
3,283 posts, read 5,206,489 times
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Quote:
Originally Posted by wdavid002 View Post
This is always the case..there is a fed funds rate, a prime interest rate, etc. wholesale / retail concept..

that shouldn't be the case though.
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Old 12-03-2010, 09:14 AM
 
3,283 posts, read 5,206,489 times
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Quote:
Originally Posted by GregW View Post
The privately owned Federal Reserve Bank owns our economy and it is in turn owned by the biggest of the financial firms. So they use the money made by charging you interest to make zero interest loans to themselves. When you effectively own the government it will not charge you for a loan. Do you think the Boss pays interest to a loan shark?

everyday i hear arguments of how the man in the street is getting shafted by their employers. my answer to that is that they should fire their employers and start their own business in competition against their employers. the majority of my life in small business i have made a living competing with big multinationals. it's one thing to compete with a company that has economies of scale on it's side. i often could answer that by getting higher productivity out of my staff and being in a position to make decisions quickly and offer a better service. it's another thing totally when they have the regulatory structure firmly favoring them but the most outrageous injustice is their access to federal reserve finance. the fed had no problem with millions of small businesses failing but god help the world if one of their buddies should go bankrupt
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