George Washington’s Blog
Friday, Oct 17, 2008
Despite spending trillions of dollars on the bailout plans, banks are still hoarding cash.
The feds handed out all of the dough without keeping any control whatsoever to make sure the banks used the money to lend out to Main Street.
The feds’ hope that the banks would use the money to lend out to Main Street is about as smart as handing over your wallet to a robber based upon the hope that he’ll pay your bills with it.
This article was posted: Friday, October 17, 2008 at 3:41 am