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2015 will be the 8th year that US banks have no need for depositors.....

MGLICKERMGLICKER Posts: 7,995 ✭✭✭
in Precious Metals
....must save a bunch on marketing to have all of your inventory provided for free by the Fed.

Would one of the forum historians please enlighten me as to which school of economics believes this to be a good idea.

Comments

  • OPAOPA Posts: 17,121 ✭✭✭✭✭
    Along with consumer interest rates at all time lows.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • s4nys4ny Posts: 1,569 ✭✭✭
    Banks need your deposits. They have learned that they do not need
    to compete for them.
  • MGLICKERMGLICKER Posts: 7,995 ✭✭✭


    << <i>Along with consumer interest rates at all time lows. >>



    Perhaps the gov should hand WalMart free inventory as well. I am sure that they would lower prices to the consumer.
  • jmski52jmski52 Posts: 22,858 ✭✭✭✭✭
    It makes for good earnings reports, and great salaries and bonuses too.

    Elitism personified.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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