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Major Lending Institutions / Rates

1 FL, United States

Why does the Federal Government continue to lend money at cheap rates to banks in order to "bail them out, " when they are not passing the reduced rates to the consumer. The banks are accepting federal funds, yet banks are still forclosing homes and holding interest rates high. This enables them to sell forclosed homes to other banks or to hold on to the property building assets while operating on federal funds leaving the consumer to still suffer with no help from the government.

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