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IPFS News Link • Economy - Economics USA

Banks Squirm As Congress Moves To Cut The 6% Dividend Paid To Them By The Fed

• Submitted by Mike Krieger

Must be nice, considering savers who had nothing to do with cratering the world economy, and failed to receive a taxpayer funded bailout, can barely earn 0.5% on their money. It's also quite bizarre. How many other "public institutions" have private shareholders to whom they pay 6% risk free dividends?

None, which once again highlights the point that the Federal Reserve is NOT a public institution working on behalf of the citizenry, but is rather a banking cartel designed to enriched and protect its member banks (as we saw on clear display in 2008).


www.universityofreason.com/a/29887/KWADzukm