Re: Why do the banks need my money? (CD offerings)

From: Mason A. Clark (masoncNOT_at_THISix.netcom.comQQQ)
Date: 07/28/04 

Date: Wed, 28 Jul 2004 05:32:48 GMT

On Tue, 27 Jul 2004 02:31:45 GMT, Mason A. Clark
<masoncNOT@THISix.netcom.comQQQ> wrote:

>
>Apropos of banking, money, credit, the Fed, etc.
>
>Local banks are advertising CD's at "high" interest
>rates -- high compared to bank accounts and high
>compared to the Fed discount rate.
>
>Why do the banks need this money? Is it just a
>marketing scheme to get new depositors? But if
>so, why do they need new depositors? Can't they
>make loans to create money and depositors?
>
>(I know this has been answered by my memory ain't good.)
>
> Mason C

  Thanks for the answers to my questions.
  Wonders of the Internet.

     Mason C

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