Accounting & Investing Info for San Antonio A & M
Wed Mar 24 2010
Here is an explanation of how the govt lets banks borrow for next to nothing to buy low yielding securities bringing the money right back to the govt, good game while it lasts. But no real value is being created as the govt uses this for transfer payments to the unemployed or otherwise broke local governments.
It is hard to see how this builds our future.
If the Govt is given U.S. dollars to banks and other institutions so that they could turn around and lend that money out to small business to stimulate the economy but insisted they are refusing lend and they are sitting on that money, the Govt should turn around a fine these banks with big fees. Just like the Govt fine people for not having car insurance and now not having health insurance.
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Professor Elam 
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