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Showing posts with label Taxpayer. Show all posts
Showing posts with label Taxpayer. Show all posts
Tuesday, August 20, 2013
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)."
"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)."
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