Last year Obama said the country would collapse if we didn't save the banking industry, now Obama wants to punish the "fat cat bankers". This is a public threat, the banks will fall in line and do the governments bidding.
Printing and printing...
Federal Reserve prints and loans money to banks at .25% and they buy government bonds at 3%.
Today they are making few loans. They are simply buying government debt, allowing the government to spend more money it doesn't have. It is quite a vicious circle and the consequences are just becoming clearer all the time.
What happens if farmers can't get loans for seed and equipment? We could very well see a food crisis in this country. I dread to see what this administration would do about that.
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