Banks Have To Loan $.....or the Economy is RIP.....

http://www.nakedcapitalism.com/2008/11/western-financial-system-we-knew-has.html

What does a bank do ......if it does not loan ?

 

Hoard it!

Fuck the Economy.

Its not their problem!

 

They buy Government bonds and sit on them.

 

Seems as if a "small pre-condition" of rescue terms was left out ?

 

No preconditions!

You think Banks and Bankers are the auto industry or something??

You do not put conditions on the ruling class.

Why do you think 1 unelected man - Greenspan - could decide the economic policy of the entire country even when other Fed governors were warning him of dire consequences? Monarchy has no peers and no consequences for those who rule.

 

Perhaps the banks are blackmailing the Gummint and Fed.... "Make the taxpayer buy ALL of our toxic paper or we won't make loans"....??