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Great read from Nomi Prins:
Article Here after the Jump.
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ZIRP’s hidden lossesAccording to a comprehensive analysis of data compiled from regulatory documents by Bill Moreland and his team at my new favorite website, www.bankregdata.com, some really scary numbers pop out. Here’s the kicker: ZIRP costs citizens and disproportionately helps the biggest banks, by about $120 billion a year.
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ZIRP’s hidden lossesAccording to a comprehensive analysis of data compiled from regulatory documents by Bill Moreland and his team at my new favorite website, www.bankregdata.com, some really scary numbers pop out. Here’s the kicker: ZIRP costs citizens and disproportionately helps the biggest banks, by about $120 billion a year.
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Article Here after the Jump.
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