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They want that to happen if it means they can accelerate profits plus interest on the loans faster than new fine minus $5 billion. Fed is a corporation source,
by yeahitslikethat 7y ago
They want that to happen if it means they can accelerate profits plus interest on the loans faster than new fine minus $5 billion.
Fed is a corporation source, there are plenty. It's common knowledge, " the United States Court of Appeals for the Ninth Circuit stated that: "The Reserve Banks are not federal instrumentalities for purposes of the FTCA [the Federal Tort Claims Act], but are independent, privately owned and locally controlled corporations." "
Loans to the banks: "By the end of 2008, Goldman had snarfed up $34 billion in federal loans – and it was paying an interest rate of as low as just 0.01 percent for the huge cash infusion. "
https://www.rollingstone.com/politics/politics-news/secrets-and-lies-of-the-bailout-113270/ https://www.rollingstone.com/politics/politics-news/secrets-...