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alstry (< 20)

Banks ARE Now Just A Ponzi Scheme



July 21, 2011 – Comments (2)


Essentially, this is difference with NO distinction from a Ponzi Scheme.

Yet the bankers taking away the homes of citizens that can't pay mortgages....and the government refuses to give credit to the citizens.

This takes us back to a key Udder World question: Who gets FREEDOM(Credit) when America is bankrupt?

Banks Pay Back TARP Funds by. . . .Borrowing from Treasury

2 Comments – Post Your Own

#1) On July 21, 2011 at 10:53 AM, leohaas (29.35) wrote:

Isn't what the banks are doing just a form of refinancing? Where they exchange one loan for another, presumably with better conditions? Isn't that what all businesses and individuals do when given the chance? I did, just about a year and a half ago, to take advantage of low interest rates.

Sorry, I don't see anything wrong with that.

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#2) On July 21, 2011 at 11:04 AM, alstry (< 20) wrote:

No....the banks are getting credit without the REASONABLE expectation of paying it back as their loan portfolios are deteriorating.....

Just like how they lent money to subprime borrowers knowing or should knowing that the debt can't be paid back.....

It is the difference between a PREDATORY loan and a legal loan....


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