Day Three

Friday I read in the paper that the banks as a whole were borrowing less from the federal reserve and that they can borrow billions from the federal reserve at a rate of 0.5%. So let me get this straight-banks can borrow billions at a very low rate and that money is going where exactly? Last I checked my rate on my mortgage was not 0.5% and I am not borrowing billions. Why can't I borrow from the federal reserve?

My husband got laid off recently and when I called the bank to see what my options were I was transfered to the HOME RETENTION TEAM. They informed me that they could do NOTHING for me because my husband did not have a job. Uh yeah, this is why I called you in the first place. They shared with me that only when he was employed again could they maybe help me. Can the IRS audit the banks? I would love to know where the trillions of dollars went that they borrowed and are borrowing from the federal reserve? Anyone out there have a clue? Anyone? Well, I emailed this to the President on Friday so lets see if he gets back to me. So far, nada.