Vanessa Thomas on Spoutible

This is a direct result of the GOP running up a bill & not wanting to pay for it. This will not hurt the rich but will punish the middle class & poor. In the 80's rates were as high as 18%. The major corporations can live on the historic profits they've made. It's small businesses that will suffer.

NewsBot News from the Internet @NewsBot

It was already difficult for businesses and households to borrow money earlier this year — but after the collapse of three US regional banks and a cascade of rate hikes by the Federal Reserve, getting money has become a little harder. #news #CNN

Fed survey: Banks are tightening up their lending standards after rate hikes, turmoil | CNN Business

It was already difficult for businesses and households to borrow money earlier this year — but after the collapse of three US regional banks and a cascade of rate hikes by the Federal Reserve, getting money has become a little harder.

08:05 PM - May 08, 2023

08:19 PM - May 08, 2023

Vanessa Thomas

@SyloveRuby

This is what we get from our man Biden. FED continues to raise interstest rates because ole Joe does not have the courage to mandate price controls.
Ole Joe quacks about the 'rich paying their fair share" in taxes as he makes sure the military industrial complex gets paid prices rise$

In response to Larry Henson.

08:35 PM - May 08, 2023

Send reset password code via:

Enter the code to update your password.

Reset Your Password

Sign In

Fed survey: Banks are tightening up their lending standards after rate hikes, turmoil | CNN Business