Wednesday, October 29, 2008
Loans? Did We Say We’d Do Loans? - NY Times
Outrageous. You know, one assumes that the people in power have some kind of brain in their head. Giving huge amounts of taxpayer money with no conditions, and hoping the banks use it for loans? Give me a break. I suppose they were thinking "oh, we'll let the market decide what the best use of this capital is." Dumb and dumber. It's like handing out money to homeless on the street and thinking "Oh I'm sure they'll use the money on what is best for them," without considering that perhaps they're addicts and you're just feeding the addiction.