For Noberto...
I love you but come on. These banks are being handed cash at 1% that they can turn around and loan at 5-7%. Again, this is for the best as it increases lending to private sectors as well as helps with sovereign debt. But these banks keep needing more and more cash - at what point do the incompetent people who are running them lose their jobs? At what point do the taxpayers take equity in the banks we’re propping up?
Surely you can agree that the free money bazooka allowing bank managers to keep their 8-digit salaries should be turned on for the regular people to make 5-digits right??
Greg
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