2014-02-09mybudget360.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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