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Guess How Much Wall Street Borrowed From The Fed During Crisis?
• Businessinsider.comAccording to Bloomberg, the $1.2 trillion is about the same amount as homeowners owe on 6.5 million delinquent mortgages, three-times the size of the federal deficit in 2008, and more than the total earnings of federally insured banks in...
Who's surprised? Are you surprised? I'm not surprised!
I still say the money should have gone to the homeowners. They could give it to the banks. And...surprise! They could save their homes, maintain their credit, keep the bank "solvent", and live happily. That's not the way it works, you say?
Oh, yea...The banks get the houses and whatever equity might have accrued AND they get their money. How can any business go wrong with the President and Congress on the Board Of Directors?
Can I hear a KMA?