Thursday, February 12

You can lead the borrower to the bank...

...but you can't make him take out a loan.

This story from Bloomberg highlights the fundamental problem with the Billionaire Bank Bailout Bill III Congress is gonna pass tomorrow.

People are not taking out loans like they used to because we are afraid we won't be able to afford the payments.

It's simple stuff like this that convinces me Congress, Treasury and the Fed are conspiring together to make the Bankers rich regardless of the damage it does to everyone else.

We now have the government Alexander Hamilton wanted. Ain't it a sight?

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