When will they get it?
When will they get it? When will the government realize that no matter how much money they throw at the banks, it’s not going to work? When will they realize that it’s not the amount of money that the banks have to loan out that’s the issue?
When will they realize that you can’t drink yourself sober?
When will they realize that the problem is not a lack of credit, the problem is that too many consumers, businesses etc are drowning in too much debt?
That would certainly change their approach, but they just don’t get it….
Tom Vanderwell
Unemployment plan would change rules on bank bailouts – washingtonpost.com
The Obama administration plans to channel money from the government’s massive financial bailout program to small businesses as part of an effort to limit the political and economic damage of high unemployment.One plan under consideration involves spinning off a new entity from the Troubled Assets Relief Program that would give banks access to federal funds without restrictions, including limits on executive pay, as long as the money was used to support loans to small businesses. But officials are not yet certain whether carving the program out of TARP would be the best way to encourage banks to boost small-business lending, according to sources familiar with the matter who spoke on the condition of anonymity because the plans are not final.
You Can’t Drink Yourself SoberTechnorati Tags: TARP
