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View Diary: Why what Ben Bernanke said yesterday should make you angry (102 comments)

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  •  Lower int. pd on bank deposits at Fed (0+ / 0-)

    Banks can afford to be lazy and inactive because the FED is still coddling them. Bernanke needs to encourage banks to get cash into productive investment instead of sitting on it. Right now the Fed pays interest on money banks park at the Fed. They should get nothing or next to nothing in interest and then the banks will put dollars into the economy.

    Cities are good for the environment

    by citydem on Fri Jun 08, 2012 at 12:07:25 PM PDT

    [ Parent ]

    •  right and i have a bridge to nowhere to sell you (0+ / 0-)

      the banks won't put dollars into our economy.

      sure they might put it into their economy.  main street won't see the benefit.  

      -You want to change the system, run for office.

      by Deep Texan on Fri Jun 08, 2012 at 12:21:14 PM PDT

      [ Parent ]

    •  That's becuase the banks are insolvent (0+ / 0-)

      They are leveraged up too. Look at their equity to loan assets. That doesn't include anything about the derivatives that are hidden off balance sheet.

       Analysts complain that they don't know how much fraud to factor into their price targets. The market values Citi at 1/3 of book. JP Morgan at 65% of book. The list goes on. The market is wildly optimistic because no one is going to jail too. Think about that.

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