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View Full Version : How the Banks Screw us...


Rover
04-13-2009, 12:40 AM
This is amazing...the bolded area..what friggin brass balls these ass holes have...


Banks say that raising fees and rates, even on low-risk customers, is a legitimate way to recoup some of the costs of the bad loans still on their books. They also say taxpayers have a financial interest in seeing the industry quickly return to profitability. Any revolt over price hikes could intensify the crisis by depriving institutions of a key income source, say banks. New restrictions on these lending practices “may truly have an impact on profitability”, said Gerard Cassidy, a bank analyst with RBC Capital Markets.

These guys are worse than dealing with programmers

LummusL
04-13-2009, 01:38 AM
All goes back to the Golden Rule.

And they don't have to make the gold; just control it. Which they do.

Sanchek
04-13-2009, 01:41 AM
We need to focus on the FED, if we're ever going to unravel it all. These banks are ostentatious distractions (which are working).

Rover
04-13-2009, 10:00 AM
We need to focus on the FED, if we're ever going to unravel it all. These banks are ostentatious distractions (which are working).

I'll go out on a limb here and say that Goldman and a few others actually control the Fed and need to be taken down if the Fed is to be brought in line.

Sanchek
04-13-2009, 11:05 AM
Hard to know unless we finally get an audit of them and find out who the shareholders are. I wouldn't be surprised at all if none of the theories are correct. As powerful as they are, you have to assume there's a tremendous amount of misdirection in play.