First of all, for that idiot bitch who posted a comment on my previous post, I know that Barack Hussein Obama isn't a Muslim anymore. And I'm not a racist. I just happen to hate black people.
But seriously, on to more important issues.
The Federal Reserve doesn't know what the hell it is doing. As I said, running a bank is the easiest job in the world. In a normal business, people give you a little bit of money, and you give them back stuff. In a bank, people give you all of their money, and you give them back absolutely nothing.
Yet the banks completely screw up the simplest task in the world. And when they do, the Fed gives them billions of dollars. So the Fed said NO MORE REWARD to Lehman Bros Bank yesterday. Because if we keep giving banks money, they will just keep screwing up.
And then tonight, they completely changed their mind and decided to give AIG bank $80 billion. Apparently this bank is different, because if it collapses, it will make all of the other banks collapse, because it owes them money too. You see, if a bank lends you money and you never pay them back, they don't consider it a loss until you die or go bankrupt. So all of these banks make profits because they assume that you will give them the money back.
Tuesday, September 16, 2008
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3 comments:
He never was a muslem stupid!!
LOL stuped...stupud...stupod
just making more fun at you
who gives a crap? just fix prison break season 2!
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