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The ‘Too Big To Fail’ Have Stopped Being Banks. They have become Huge Criminal Enterprises Involved in Market Manipulation
Monday, February 23, 2015 7:49
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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?
In reality, big banks aren’t really acting like banks anymore. Big banks do very little traditional banking, since most of their business is from financial speculation. For example, we noted in 2010 that less than 10% of Bank of America’s assets come from traditional banking deposits …. http://www.washingtonsblog.com
Source: http://luismmx.blogspot.com/2015/02/the-too-big-to-fail-have-stopped-being.html
