I think if you really want to dig deeply into how the banking-finance
system works, you will find that there are all kinds of things going
on out there whereby the _underlings_ (that is 98-99% of us) are
always getting screwed by somebody, something, somehow. Rich people
and cor****ations and any big business carry out all manner of tax
dodges, major scams (Enron-Andersen), frauds, price-fixing, monopolies
(Standard Oil, Microsoft), offshore tax havens, exploitation of
employees, exploitation of loopholes in the laws.
And, if you look in any textbook on criminology (I have three of them)
you will find at least a chapter if not a section of multiple chapters
on white collar crime (i.e. cor****ations and executives) and the short
conclusion is that the total dollar value of the crime (as found in
our court system) caused by people in the upper one percent of our
socio-economic bracket is about equal to the dollar value of all the
other crime commited by everyone else.
-------------------------------------------------
On Apr 29, 10:52 pm, visualseep...@[EMAIL PROTECTED]
wrote:
> Federal Reserve May Seek Authority to Pay Interest on Reserves
>
> Federal Reserve policymakers will discuss paying interest on bank
> reserves in a closed door meeting on Wednesday. Such a move could in
> theory allow the Fed to expand its liquidity sup****t operations
> without limit.
>
> Under a law passed in 2006, the US central bank will gain the
> authority to pay interest on reserves in 2011.
|
