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Re: Porgie Tirebiter post# 5145

Wednesday, 03/04/2009 10:38:41 AM

Wednesday, March 04, 2009 10:38:41 AM

Post# of 801143
Lenders make loads of money on the "Float", it is called interest on money they don't own. I think for every $1 the bank has on deposit it can borrow Federal funds ($6) at low interest rates and loan out the same dollars @ higher rates. Check your credit card statement , you will see the interest that the bank is making.

If FRE/FNM are prevented from giving the stockholders money to CEO's, in outrages salaries and bonuses, and giving donations to Politicians they (FRE/FNM)will be making tons of profit!