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Today's news says that the big banks have been borrowing cheap money from the Fed at virtually zero interest rates, but that these loans will have to be refinanced in 2012 at much higher rates.
Supposedly, this will be "financial doomsday."
Hey, wait a minute. If they use zero-interest money to make billions of dollars in derivatives trading, why could they not easily pay back the money in two years?
They will probably hide the money offshore and put it on their other set of books so that they look so poverty-stricken that they will need another bailout.
I think the headline ought to read, "Big Banks face another Financial Bailout in 2010 after scamming the taxpayers once again."
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
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