Days Of Free Money For Banks Will End

Citigroup, Inc. (C) reported earnings today that are better than expected. The stock has price is still very depressed. I wouldn’t touch it with a ten foot pole and neither would most investors. Why? Citigroup gets what amount to interest free money to loan out. Who couldn’t make a profit if they could borrow money at 0%? For years the financial sector has received gift after gift from the government. This arrangement won’t last much longer and investors know it.

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About Fantasy Free Economics

James Quillian is an independent scholar,free market economist, teacher of natural law, teacher and originator of the Fantasy Free approach to economics. James Quillian does not believe lies. Contact:
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