How we’re subsidizing the big banksters

This will not be news to most of us, but here’s a nice summary posted on Yahoo’s Tech Ticker.  Banksters borrow from the Federal Reserve Bank at zero (or from savers at practically zero), lend to the U S Treasury at 2% or 3% (by buying U. S. Bonds), and pocket the difference. Courtesy of the taxpayers, and especially those of us who have saved.  (Yeah, I know many folks don’t pay federal income taxes, but isn’t everyone entitled to a share of what the government could fund if it wasn’t paying the banksters?)

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One Response to “How we’re subsidizing the big banksters”

  1. Anton Gima says:

    the solution to this would be to eliminate the monetary system.

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