Wednesday, September 23, 2009
Funny Math??
Just a thought about banks and the way things are calculated! In 2007, banks made a profit of 29 BILLION dollars in from overdraft fees alone!!! 29 Billion!!!! Yet, most of these same banks had their hands out for the bailout money.. because boo hoo, they had made really bad loans etc.. Now, the FDIC (the people that insure us little people's bank accounts to a maximum of $250,000 per account) is in dire straights and is now considering asking the banks for a loan to prop up it's balance sheets! It's just crazy... It just goes to show you the bailout money was just sitting there and not really needed, but they figured, if the government was handing it out, why not take it, along with other profits the banks have raked up! Nothing is going to change.. I am so disgusted with the whole thing.
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