Banks Play Shell Game with Taxpayer Dollars
BURLINGTON,ย Vt., April 26 – A study requested by Sen. Bernie Sanders (I-Vt.) found numerousย instances during the financial crisis of 2008 and 2009 when banks took nearย zero-interest funds from the Federal Reserve and then loaned money back to theย federal government on sweetheart terms for the banks. Theย banks pocketed interest on government securities that paid rates up to 12 timesย greater than the