Fed sees fierce competition among banks

  • Article by: JENNIFER BJORHUS
  • Updated: May 23, 2013 - 8:33 PM

Loan growth slowed at Minnesota’s community banks in the first quarter.

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hjlazniMay. 24, 13 1:20 PM

Wealthy entities and individuals are hoarding money in the real monopoly game of life leaving less money for others to improve economic growth and has everyone mired in a continued recession all over the world. The wealthy are hoarding the wealth and asking that the rest of us fully repay the wealthy plus interest for loans to the government and pay higher taxes and live with lower government benefits (Austerity). A tax on assets not producing economic growth (hoarded wealth) would quickly remedy this situation but unlikely since the wealthy own the politician they fund.

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