This article is from the source 'rtcom' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.rt.com/business/518450-banks-ways-rip-people-off/
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Banks figure out new ways to rip people off by changing laws to get away with it – Max Keiser | Banks figure out new ways to rip people off by changing laws to get away with it – Max Keiser |
| (6 months later) | |
| Max and Stacy look at the endless money-printing by the US Federal Reserve, discussing the future of the latest stimulus checks and the role of banks in all of that. | Max and Stacy look at the endless money-printing by the US Federal Reserve, discussing the future of the latest stimulus checks and the role of banks in all of that. |
| “So, the government sends the money to the banks and the banks want to keep it, essentially – they don’t want to distribute it,” says Max, explaining that’s “simply because they like to get it and use it and spend it, and give themselves bonuses and buy apartments and yachts and stuff. That’s the only reason.” | “So, the government sends the money to the banks and the banks want to keep it, essentially – they don’t want to distribute it,” says Max, explaining that’s “simply because they like to get it and use it and spend it, and give themselves bonuses and buy apartments and yachts and stuff. That’s the only reason.” |
| He adds that “A lot of this has been the history of the past 40 years. During this bull market, banks figure out new ways to rip people off, they get caught, and what they then do is they change the law or introduce new laws, and if there are any problems, they extend and pretend. They just make the maturities longer and the coupons lower.” | He adds that “A lot of this has been the history of the past 40 years. During this bull market, banks figure out new ways to rip people off, they get caught, and what they then do is they change the law or introduce new laws, and if there are any problems, they extend and pretend. They just make the maturities longer and the coupons lower.” |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |
| Dear readers and commenters, | |
| We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system. | |
| Sorry for the inconvenience, and looking forward to your future comments, | |
| RT Team. |