Monday, Dec 08, 2008
Money Go-round
John Redwood: What’s the point of this round trip?
Short and to the point article on how the banks borrow from the government at 12% only to lend it back to the government at 4% thus loosing money. Well with Flash Gordon, Darling & Mandy at the top what do you expect.
Posted by who stole my pension? @ 03:47 AM (310 views) Add Comment
2 Comments
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1. stillthinking said...
One of the comments mentions some book by an American congressman. I don't personally believe in any conspiracy personally, but I am sure plenty of you do.
http://www.oneheartbooks.com/resources/ebooks/none_dare_call_it_conspiracy_allen.pdf
2. fjcruiser said...
I alraedy mentioned it once in a post that achieving 12% return for the taxpayer would be impossible. When a share gives you such a dividend yield, you know the company is doomed. Therefore the banks are doomed IMHO.