I was amused by Senator Chris Dodd's admonition to banks receiving help a piece of that $700 billion pie that Congress so generously doled out earlier this fall. The Connecticut Senator urged these banks to lend more money.
Seriously. In the wake of a financial crisis created, in large part, by irresponsible lending to irresponsible borrowers, and resulting in almost $1 trillion in corporate welfare, Dodd feels like the sollution is creating more debt.
Maybe the plan is to ride it out until we find a new bubble to invest in.
No comments:
Post a Comment