My country’s version of US treasury bills just got shit (sort like) just got screwed over because banks were crying.
Banks in my country are a complete joke, taking your money and investing while giving 0.5% (which are eaten away by maintence fees LOL).
With the rate hikes, this “safe” asset drove a lot of people to withdrawl money from the banks and put it there instead, getting a nice secure %.
F*cking banks, with their INSANE PROFITS over these past years a(and keep increasing), started to cry and our dumb/dity goverment decide to suspend the treasury bills and open a new version, paying less %.
I can’t help but think these corrupt politicians that bend over for bankers are thinking long-term and once they are kicked out from the office (can’t come fast enough), they will call their bank CEO friends with the classic “remember that time i saved your ass, got a job for me at your bank”?
I’me gonna buying even more sats than i already did, i’t my middle finger for these corrupt system.
submitted by /u/PenaltyFickle5699
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