3 ms·

I don't quite understand. Can you explain in detail?

• deleted 13y ago
  [deleted]
• glesica 13y ago
  US has set interest rates at basically zero for awhile now, so banks can borrow from the government more or less for free. They can then take the money and engage in various profitable activities other than lending to individuals who wish to borrow money (which is what the money is supposed to be for).
  • toomuchtodo 13y ago
    It's almost like the US government should just lend the money out directly. But they'd never do that, right? Socialism! Oh right: http://www.sfgate.com/business/networth/article/Feds-take-over-student-loan-program-from-banks-3193888.php http://www.sfgate.com/business/networth/article/Feds-take-ov...