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2014-02-09 — mybudget360.com
``The average one year CD has an interest rate of 0.81 percent. So think of the massive margin here. Say you go into the bank and put in $10,000. After one year, the bank will pay you $81. Say the bank lends $10,000 out at 15 percent on their credit card. After one year, the bank will collect $1,500 in interest alone. With this kind of racket is it any wonder why the financial sector has so much power?''
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