Sunday, December 4, 2011

The Fed Made $7.7 Trillion in Secret Loans and Banks Earned $13 Billion in Interest, While Taxpayers Suffered

This is, currently, the American Way:  while Big Banks get to keep billions made off taxpayer monies, homeowners get screwed.  Read about the numbers.  And here's the narrative from the NYTHome prices will continue declining as  2013 will be the worst year for foreclosures.  It's patriotic to observe that the US is no longer a democracy with capitalism as prime determinant; it has devolved into a kleptocracy.  Watch the sadness:

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