Don’t Worry, They’ll Still raise Your Interest Rates Anyway
The government, your government, is going to toss even more of your tax money into the bottomless abyss called US financial services- personified this time in Citibank. So while Citi is raising interest rates even on their most reliable customers, you’ll be happy to know that you’re also paying them more through your taxes.
In mid-October, the Treasury Department injected $25 billion into Citigroup and an additional $100 billion into eight other major U.S. financial institutions in an effort to try and unlock frozen credit markets and bring some stability back to the financial system.
Yeah, that worked out well didn’t it… You can’t rely on the government to do much for good, but you can always depend on it to do plenty to help everyone but the people who authentically need it. Ours is, after all, a government of the wealthy, for the wealthy by the sweat of the brow of the middle classes.








