Monday, July 19, 2010


What banks seem to be doing at the moment is taking advantage of low interest rates set by the fed to buy Treasury bonds. So, they get money for next-to-nothing and a safe return on their investment.

But, I've been wondering, could we be setting up a Treasury bond bubble?

Should taxpayer money be used to enrich a finance industry that doesn't lend?

It's a good gig, but how can it last?

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"Ignorance more frequently begets confidence than does knowledge"

Charles Darwin