What is the point of 'rational discussion'?

ILW

TruckerT wrote: »

Why does the money always go to 'the banks'?

The banks are like a !!!!!

give the money to the people, f'chrissake

TruckerT

How, Tax cuts?

purch

TruckerT wrote: »

Possibly, that encapsulates the problem quite nicely

The banks are at the centre of all of this, but their motivation is simply 'profit'

This post encapsulates just how little you understand.

You are complaining that Banks are daring to borrow money (EUR 1,018,000,000,000 from both LTRO) from the ECB at 1%, and that their motivation is simply profit.

How to you explain why these same Banks are then depositing record amounts (EUR 820,800,000,000 on Friday) back to the ECB at 0.25 %.

Borrowing at 1 % , and lending at 0.25% sounds like a loss to me, not a profit.

TruckerT

purch wrote: »

Borrowing at 1 % , and lending at 0.25% sounds like a loss to me, not a profit

To me, it sounds like creative accounting

TruckerT