Wednesday June 09, 2010
Banks Profit From Near-Zero Interest Rates: Another Reason for States to Own Their Own Banks
Ellen Brown
t r u t h o u t
While individuals, businesses and governments suffer from a credit crisis created on Wall Street, the banks responsible for the crisis are tapping into nearly-interest-free credit lines and using the money to speculate or to make commercial loans at much higher rates.
By forming their own banks, states too can tap into very low interest rates, and can buffer themselves from another Lehman-style credit collapse.
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Posted in: by bubblejam at 03:27 AM | Comments (0) | Email This Entry