Wednesday, May 1, 2013

Banks on the Run and the Homeowners Underwater | Common Dreams

Banks on the Run and the Homeowners Underwater | Common Dreams
"Wells Fargo made $19 billion in profits last year and record profits last quarter. None of this would have been possible without the bank bailout and continued borrowing of taxpayer money at zero percent interest from the Federal Reserve (which Wells Fargo and the other big banks then turn around and loan to state and local governments at much higher rates)."