American wealth eroding

posted by
December 27, 2011
by Bill Sardi  
Posted in Commentary

"The Federal Reserve is now unleashing American banks from restrictions on dividends. This means Americans are essentially capitalizing Americans banks at a loss while banks are divvying out dividends to make it falsely appear they are solvent. Bank stockholders, including many bank executives, will now reap even larger rewards at the expense of the savings class." (12/27/11)  

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