MONEY: What is the correct interest rate?

http://www.bargaineering.com/articles/fdic-sets-bank-interest-rate-caps.html

Your Take: FDIC Sets Bank Interest Rate Caps by Jim Wang

*** begin quote ***

Federal Deposit Insurance Corporation SealNear the end of May, the FDIC Board of Directors approved a rule that capped the interest rate “less than well capitalized institutions.”

*** end quote ***

And, what part of fascism don’t you understand?

The gooferment is trying to run the banks.

What a joke.

# # # # #

Please leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 1,843 other followers

%d bloggers like this: