How Banks Cheat Taxpayers
http://www.rollingstone.com/politics/blogs/taibblog/how-banks-cheat-taxpayers-20111227
Of course, the reason is because the banks own the politicians. But lets envision (fantasize), for just a second, that there was someone in charge not in the pockets of the oligarchy. What would be the best way to sell bonds for municipalities? How about the exact same way the Fed sells bonds? And how about in the exact same place to the exact same customers? Clearly some municipalities are going to have to pay higher interest rates, but at least those rates are open and obvious to anyone and not some back-room deal some corrupt politician made with some corrupt lending institution. However, I am sure the GOP would scream bloody murder because that is just plain socialism, clear as day. It is way better to let taxpayers cough up loads more money for the same result because, clearly, rich people don’t pay taxes so fuck the middle class!
