Marketplace : How the Banks make the big bucks
I love the way Paddy Hirsch explains complex market place dynamics in the simplest way possible that even I can get a glimpse of how it works. In this week, he explains how banks are making money without practically lending to people or small businesses that desperately need it.
This is almost like a scam. How can this be all legal and allowed? Why do Government allow these banks to buy Treasury Bonds with money given by Federal Reserve for lending activities. Wouldn’t buying treasury bonds considered as an investment?