Are we being stiffed? Again?

Tweet

For some time now I have had the feeling that something just doesn't sit square with the world concerning our economy and the fix the Government is pushing for. I got part of the answer to it tonight on my local news. They were talking about the different kind of banks. It seems there are Investment Banks and Commercial Banks. Commercial Banks being the one the average person on the street deals with. The Investment Banks being the ones the big money people deal with. My local news said the Commercial Banks that we deal with were as solid as they ever were and were not even effected by the credit crunch. This is what I have been getting from my local banks. The Investment Banks are the ones in trouble for the simple reason they have made too many high risk loans to the people that have made all these bad home loans. People like Freddy and Fanny and the other banks we have been hearing about that are in trouble. One man was on CNN today that made the statement our government would have to borrow that $700B from these crooks and then give it back to them. That is what the government is calling a bail out and trying to convince the public if they don't do it the world will fall apart. They have said the government will even make a profit on this $700B. How in the world are they going to make a profit if the borrow money for a high interest rate and the loan it back to the same crew at a lower interest rate. You can bet that is exactly what they do. Listen close for this.