You are lending yourself money and paying interest on it! Go figure!!

[ralok_j]

Originally Posted by Steve_A

Hi ralok_j,

The initial bailout plan for the major banks was to help small businesses. Small businesses borrow from the major banks. The report was extremely clear.

The proposal was not to help small businesses. The additional bailout is for smaller finance companies to keep liquidity, so they can lend money to the public.

Best regards,

Steve

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.

[ghglenn]

Would love to go to the bank, set down with a loan officer and say, "I would like to take out a loan, from me....to me." And if they have a problem with that, maybe I could cut them a little slack on repaying me the initial loan, for the money I am borrowing from myself?

[Zarathustra]

Originally Posted by ralok_j

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