The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Giordano Bruno who wrote (201165)	5/7/2009 11:04:22 PM
From: Think4Yourself	Read Replies (1) of 306849

There is another even bigger program (TLGP) where the taxpayers give the banks and Wall Street firms super low rate loans. The media is being fairly quiet about it but I am hearing that it is more used than TARP or TALF. Borrowings were 336 billion as of the end of March, and probably closer to $400 billion right now. The people give the banks super low rate loans, which the banks then loan back to the people at much higher rates. How incompetent do the bank managements have to be to not make money? fdic.gov

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