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It's wrong for government to force banks to cut rates

12-11-2011 6:14pm

#1

Slideshowbob

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It's wrong for government to force banks to cut rates

Banks heretofore are entitled to charge interest to help them pay for themselves.

If government force interest rate cuts on banks, the banks will need more government subsidies!!!

So is the government making every taxpayer poorer by this political posturing instead of just allowing banks to relate their income to their customers with loans? ie as their business model should be?!?

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Comments

#2 12-11-2011 6:15pm

Gumbo

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Is it basically giving everybody a tracker mortgage now?

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#3 12-11-2011 6:16pm

ardmacha

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Not only all taxpayers but presumably depositors as well. Rob the prudent to bail out the feckless.

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#4 12-11-2011 6:29pm

woodoo

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ardmacha wrote: »

Not only all taxpayers but presumably depositors as well. Rob the prudent to bail out the feckless.

How is everybody on a variable rate feckless?

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#5 13-11-2011 4:42pm

nesf

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Duplicate thread.

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This discussion has been closed.