According to the Yahoo article “Madoff to NY newspaper: Banks ‘complicit’ in fraud”, Bernie claims that the Banks were complicit to what Bernie was doing. First, why should we believe Bernie? He’s proven himself to be not trustworthy (and that’s being nice)! He ripped off thousands of investors that thought he was legit. Perhaps he… Continue reading Why We Should Not Believe Bernie Madoff!
Tag: banking
Is the Government Destroying Our Banking System?
I ask this because the government keeps making it harder for the banks to recover. First, the government provided the bail out money from TARP. But then they said that the banks need to keep certain capital levels in reserve. Then, they complain that banks aren’t lending out money…? Now, I read today that Barney Frank… Continue reading Is the Government Destroying Our Banking System?