Question on interest rates
Submitted by Gmartine on Thu, 03/05/2009 - 16:54
How is it that banks and credit card companies can loan money out with over 20% interest rates yet the Federal Reserve has interest rates at 0%? Is this some kind of usury scheme that the American people are falling into?
It seems the people who get access to the credit first benefit the most in this pyramid banking scheme.
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