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<p>[QUOTE=&quot;Yacorie, post: 1251113, member: 25257&quot;]The only thing I can think is that they still have so many bad loans on the books that will come to light again once they&#039;re allowed to move forward with foreclosures, because nothing else makes sense as to why the big banks can still all be hurting.&nbsp; If one of you know what the deal is, please post it.&nbsp; </p><p><br /></p><p>Think about this:</p><p><br /></p><p>Right now CD rates are at historically low levels, under 1% for a 12 month CD.&nbsp; Yet credit card rates havent&#039; come down at all.&nbsp; So a bank chargest someone 12% on credit cardss and pays out 1% on a CD.&nbsp; Do you what banks use to pay for CDS?&nbsp; They&#039;re using longer term coporate or municipal bonds.&nbsp; You can walk into any bank and ask to see their financial papers.&nbsp; If you do it - you will see what they&#039;re doing.&nbsp; They buy bonds paying 6% and use that interest to pay out the 1% CD.&nbsp; Thats a 5% net profit at least, plus all the relief money they&#039;ve taken from the government.&nbsp; How can they still possibly be so fragile, unless their books are loaded with bad loans...[/QUOTE]</p><p><br /></p>

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