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Author Topic: Tax Bonus Payments?  (Read 4100 times)

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Offline arcadoz

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Re: Tax Bonus Payments?
« Reply #30 on: February 23, 2009, 11:07:38 AM »
Quote from: Ric on February 23, 2009, 09:38:14 AM
http://www.theage.com.au/national/credit-card-debts-suck-up-stimulus-handouts-20090219-8cnv.html

$3billion of the $8.7billion went to reduce credit card debt

so basically the banks got the benefit of the stimulus









Doule edged sword. They got some capital back but lose out on the exorbitant interest that $3 billion in loans would create.
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