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Old 11-06-2008, 04:20 PM   #3
Zarathustra
Avalon Senior Member
 
Join Date: Sep 2008
Location: Eastern U.S.
Posts: 429
Default Re: You are lending yourself money and paying interest on it! Go figure!!

Quote:
Originally Posted by ralok_j View Post
It's like I told my wife, there is (was) no provision in the bill to force the banks to increase lending activity. They strengthened the balance sheet, which is good, but there was no incentive to create growth. Do I blame the banks? Hell no, they realize the economics are weak. I blame Congress for throwing the half assed bill together.
R,

There was no such provision because that wasn't the true intention of the money payout. It was to bolster the insider banks, pure and simple. Outside of the delusional world of Washington and Wall Street it would be called fraud, and prosecuted as such.

Z
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