Send to a Friend

SquirrelEStuff's avatar

Why do we allow the Federal Reserve loan money to commercial banks at almost 0% interest, who then loan the tax payers this money at a much higher interest rate?

Asked by SquirrelEStuff (10007points) March 3rd, 2009

How does this make sense? How is this fair to tax payers? How is the application of interest not stealing?

Using Fluther

or

Using Email

Separate multiple emails with commas.
We’ll only use these emails for this message.