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Do the banks have money or not?

Started by Riversider
about 14 years ago
Posts: 13573
Member since: Apr 2009
Discussion about
They can pay dividends to shareholders but not fines? ------------------------------------------------------- Some banks negotiated separate requirements. Ally Financial, for example, negotiated a steep discount on the fine part of its settlement, based on an inability to pay it, according to people familiar with the matter. ... [more]
Response by Riversider
about 14 years ago
Posts: 13573
Member since: Apr 2009
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Response by Riversider
about 14 years ago
Posts: 13573
Member since: Apr 2009
Ignored comment. Unhide
Response by ThomasTT
about 14 years ago
Posts: 14
Member since: Mar 2012

Federal Reserve is supposed to keep banks from lending too much money that they do not own.
I don't think they have power over how the money is spent( rather than how it is invested).

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