Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Bailouts Have Failed: Banks Are Still Hoarding Cash

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

George Washington’s Blog
Friday, Oct 17, 2008

Despite spending trillions of dollars on the bailout plans, banks are still hoarding cash.

Why?

Because:

  • They have huge derivatives liability (especially on credit default swaps), and they are trying to build up enough of a nest egg to be able to pay off their derivatives debts
  • Some are even using the money to buy up rivals

The feds handed out all of the dough without keeping any control whatsoever to make sure the banks used the money to lend out to Main Street.

The feds’ hope that the banks would use the money to lend out to Main Street is about as smart as handing over your wallet to a robber based upon the hope that he’ll pay your bills with it.

Bailouts Have Failed: Banks Are Still Hoarding Cash  161008pptv2

This article was posted: Friday, October 17, 2008 at 3:41 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
The Mass Marketing Campaign For World War III See the rest on the Alex Jones YouTube channel.

Join The Government And Hack Legally See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.