Alan Pyke


Just when you thought it was impossible to hate Big Banks any more than you could, now we can blame the rising cost of beer on Goldman Sachs. Since the beginning of the Great Recession, the Federal Reserve has lent money to banks at about near zero interest rates hoping these banks would stimulate the economy by lending that money to small businesses or Americans trying to buy a home. But this week we learn the banks are using this cheap money to buy up commodities like aluminum and energy driving up prices, making a fortune while making it harder for the rest of the world to do business. For more on this Deputy Economic Policy Editor for Think Progress Alan Pyke joins us.

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