Banks stepped up their borrowing over the past week from the Federal Reserve's emergency lending program, while Wall Street firms didn't draw such loans.To solve problems that entirely borne out of their greed and shortsighted stupidity, banks get to take taxpayer money to the tune of $16.4 billion a day to cover for their own poor decisions.
A Fed report released Thursday said commercial banks averaged $16.4 billion in daily borrowing over the past week.
That was up from $13.9 billion in the previous week.
Next time anyone whines to you about the 'free market' and how regulation and oversight hinders big business, gouge out their fucking eyes and spit on their corpse. The free in 'free market' stands for free money.
It would be cheaper to invade another country.
No comments:
Post a Comment