All Posts Tagged With: "Elliot Spitzer"

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In Europe, Banks Borrow Money and Lend it Back to the Government

The ECB loans money at low rates to the banks – hoping to encourage consumer and business lending. In June, for example, the banks borrowed 442 billion euros at a fixed interest rate of 1%. But lending to business and households is at its lowest level since record-keeping began…

July 30th, 2009 | Bill Bonner | 1 comment | Continued
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