Do You Think That Banks Are Crooks?

[hemet dennis]

Has anybody ever heard of The Federal Reserve Bank.

They are an unregulated section of the government that are the "higher ups" when it comes to banking. (Or any commerce in general)

http://www.federalreserve.gov

Check it out!
They have a great economic search engine called FRED.
You can find out anything about employment, oil price, commerce, interest rates, 70 year old data, the economy of Finland (and other countries), basic goods, capital goods, health services and the average pay rate of an American citizen.

A little more knowledge can never hurt.

Is someone fishing for Paul botts ?

 

[Stephanie739]

Is someone fishing for Paul botts ?

 

[hemet dennis]

You have to admit any story on the web about the FED brings them out.

 

[Stephanie739]

You have to admit any story on the web about the FED brings them out.

them? i am one of them.

 

[Stephanie739]

 

[hemet dennis]

them? i am one of them.

Never said they were bad.

 

[redhen]

 

[GardenerGal]

LOL!

You still owe each of your parents $50 back 'cause that's what you borrowed from them. When you bought the shirt, you used $48.50 from each parent's $50 to get that $97 shirt. But you only gave them $1 back, each. The dollar you kept contains the $0.50 + $0.50 of the "missing" dollar. Each parent should have gotten an additional $0.50 to make it so you only owed each another $49.

 

[THE Curmudgeon]

Yep. That dollar ain't missing. It's in YOUR pocket.

THE Curmudgeon

 

[ivan3]

thaiturkey wrote: Financial market regulators have just stung Barclays for what is a record fine and the CEO has declined a bonus that would have kept most people going for years. Other banks are being investigated.

Barclays were caught manipulating the inter-bank interest rates. If you think that was just a game that they played with other banks, the BBC TV World News this morning said that it may have caused mortgage rates to be higher than they should have been.

What a slap in the face for people who have lost their homes and businesses because they couldn't afford the repayments. As they were thrown out on the street last year, Bob Diamond, Barclays CEO, took home a bonus of around $4m!

Am finally back home and will be watching the hearings from London, in a few hours. Seems like another case of regulatory capture (or something more incestuous). 2008 crisis just continues to unfold like some poison flower and we are all continuing to pay to `smell the roses'.

Some background on LIBOR and how to play the game: http://www.zerohedge.com/contributed/2012-07-03/big-losers-libor-rate-manipulation (the municipal bond rigging links at the bottom of the article are also revealing - not that you'll hear anything in the mainstream media).

Fiduciary: An individual in whom another has placed the utmost trust and confidence to manage and protect property or money. The relationship wherein one person has an obligation to act for another's benefit. Sigh... Guess, in a world where profitability alone is the sine qua non of `ethics' the obligation to the customers ("muppets" per Goldman Sachs) has become, shall we say, relative to the degree one can get away with whatever one can without being sued/fined in a meaningful way (usually never enough to impact the bottom line, if such actions are taken at all).

Credit Union, yes.
Rural Electric Coop, yes.

Everything else is suspect (even the phone company tried to cram us with unknown third party charges...)