Sunday, October 26, 2008

HOW TO GET BANKS TO LEND AGAIN...

OK...CONSIDER:

THE US ECONOMY IS COLLAPSING UNDER THE WEIGHT OF BAD DEBT FROM THE RECENT CREDIT BUBBLE...

AND THE YEARS LONG BORROWING BINGE OF AMERICAN CONSUMERS AND CORPORATIONS...

NOW...TO "SOLVE" THE PROBLEM...?

WALL STREET AND WASHINGTON ARE TRYING TO GET THE BANKS TO "LEND AGAIN"...

TO THESE VERY SAME CONSUMERS AND CORPORATIONS!

BUT WASN'T IT THE BANK'S LENDING THAT CAUSED THE PROBLEM IN THE FIRST PLACE...?

IS THERE A PROBLEM HERE...?

OR... IS THIS NORMAL BULLSHIT FROM THE NON-PRODUCTIVE AMERICAN ECONOMY.