“Too Big To Fails” Have Stopped Being Banks

Friday, February 20, 2015
By Paul Martin

WashingtonsBlog.com
February 20, 2015

No Longer Focused On Deposits Or Loans

Bloomberg reported last month:

“Banks don’t have a need for deposits, and the demand for loans by households and firms is weak,” Niels Storm Stenbaek, chief economist at the Danish Bankers Association, said in a phone interview.

Wait … what?

Banks don’t need deposits? They’re not giving many loans? Isn’t that what banks do?

If they’re not collecting deposits and making loans, what are they doing?

The Rest…HERE

One Response to ““Too Big To Fails” Have Stopped Being Banks”

  1. They are criminals that control the corrupt governments.

    #1151455

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