Federal Reserve Admits to Forcing Banks to Park TARP Funds Instead of Lending It (VIDEO)

Kucinich Is Outraged

In rare footage, we see the Federal Reserve Admit to paying extra interest rates to banks to park TARP funds, over and above what interest rate they could gain from the market by lending them.  The end result?  Banks are forced to park the TARP funds at the expense of businesses, which affects unemployment directly.  Their reasoning?  They want to keep inflation low.

Unemployment is now at 35% among those Americans who make under $20,000 a year.  Making credit unavailable for businesses, knowingly raises unemployment.  They know that businesses will make the only rational decision, lay off more workers.

Video

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shakaama

Ex law school student. I was kicked out for revealing I had a heart actually beating inside. I used to be in a modern dance company. I'm working on my 7 miracles to be proclaimed a saint by the pope. #1 is really hard, but once i get over that hump the other 6 will be a cinch.

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