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Thursday, August 18, 2011

» Do You Realize That The Government Is Still Paying Banks Not To Lend…? Alex Jones' Infowars: There's a war on for your mind!

» Do You Realize That The Government Is Still Paying Banks Not To Lend…? Alex Jones' Infowars: There's a war on for your mind!: Money that the banks have but aren’t lending out–money that banks are just keeping on deposit at the Fed.

The Fed is paying banks 0.25% interest on this money.

0.25% interest may not sound like much, but it’s more than the banks are paying you to keep money in your savings or money-market account. It’s also more than you’ll earn if you lend the Federal government money for 2 years.

Oh, by the way, why, exactly, are you earning so little interest in your savings accounts and money-market funds?

Well, because, thanks to another one of its bank-bailout programs, the Fed is keeping short-term interest rates at zero.

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