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March 20, 2011

Fed Now Paying Bank Dividends

-- by Dave Johnson

The Fed is now handing cash to wealthy people who own bank stocks. They have authorized banks to pay dividends, while giving banks money at zero percent for them to loan back to the US govt at higher rates. That is free money. If you have money in the bank, you are paying for that by receiving almost no interest.

See If Banks Can Resume Dividends, Can the Fed Resume Normalized Rates? | The Big Picture

Posted by Dave Johnson at March 20, 2011 1:39 PM


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