We all know how the well to do like a little tiramisu, so why shouldn't they get it any way they can?
Thanks to news that the Federal Reserve will be lending 200 Billion dollars to banks in an attempt to ease their grip on tight credit markets, the Dow climbed 417 points today, gaining more than it had in any single day since back in 2002.
It really is nice to see that banks, who view having made less money from one year to the next as actually losing money, have had a little nudge to help them loosen up a bit. Now their shareholders can relax...stocks are rising, and the Fed is lending you cash so you can turn around and lend it to your customers, which is supposed to be your job in the first place. If you people really were worth the money you paid yourselves, would you need all this help to aid you in making profits?
Funny how folks who need help the least often get it the most.
At least people who lost their homes in the sub-prime lending fiasco can rest at ease...the banks are now ready to make money off you again.
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