Wednesday, 13 April 2011

Simple Questions - Tough Answers

Why dont banks hold Treasuries in their books?
Why do they hold mortgages in their books?

Why dont they lend to small businesses?
Why do they lend to worthless people who dont have the ability to pay back?

How do banks expect people to pay back credit card debt when unemployment goes up and they end up defaulting.
Pls note credit card debt is without recourse.


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