When are we going to let these banks stand on their own two feet ?
In the real world people and business’s go bankrupt no ?
If you enjoy the content at iBankCoin, please follow us on TwitterWhen are we going to let these banks stand on their own two feet ?
In the real world people and business’s go bankrupt no ?
If you enjoy the content at iBankCoin, please follow us on Twitter
Only if you are a small operation. For instance if you took some risk and opened up a small business.
Large, massively inefficient, slow moving, corporate conglomerates are allowed to stay. Especially if they can borrow taxpayer money from the fed window at 0% and loan it back to the taxpayer at 3%-7%.
Obviously the taxpayer has to learn how to:
1.) Pay MORE money to support a giant corporate entity.
2.) Get charged MORE money for borrowing the same money from said corporate entity.
The beatings will continue until morale improves.
/sarcasm.