Where did the money go, Part II
Second verse, same as the first, but with a twist:
“Think you could borrow money from a bank without saying what you were going to do with it? Well, apparently when banks borrow from you they don’t feel the same need to say how the money is spent.
After receiving billions in aid from U.S. taxpayers, the nation’s largest banks say they can’t track exactly how they’re spending it. Some won’t even talk about it.
“We’re choosing not to disclose that,” said Kevin Heine, spokesman for Bank of New York Mellon, which received about $3 billion.”
Every have that sinking feeling that history repeats itself, once as tragedy, then as farce?
sounds like the banks are playing a
ponzi scheme
On what do you base this pronouncement, Russ?
A lack of transparency is a bad thing, but words mean things and, unless you've got access to more information, such a suggestion assumes facts not in evidence.