Trouble is, churchill, that the banks didn’t even do normal lending and DID pay out bonuses. I think we can do better than that. Remember this started under Bush, which is one of the reasons there were so few constraints.
rac0308, the banks got into trouble lending irresponsibly. They knew payback was risky, but didn’t care, because they passed that risk on to somebody else. Now, they can make more profit trading their complex assets than they can by lending to your local small businesses, and short-term profit is all they care about.
Plods with ...™ over 14 years ago
The banks got into trouble lending money, so the way to fix the banks is to have them lend more money?
Motivemagus over 14 years ago
Trouble is, churchill, that the banks didn’t even do normal lending and DID pay out bonuses. I think we can do better than that. Remember this started under Bush, which is one of the reasons there were so few constraints.
kennethcwarren64 over 14 years ago
MOTIVE - He must be the Ghost From Christmas Present, because the Republicans don’t want us to remember the past.
Charles Brobst Premium Member over 14 years ago
No, of course we would rather they put that 700 billion tax dollars we lent them INTO THEIR OWN POCKETS!!
edrush over 14 years ago
rac0308, the banks got into trouble lending irresponsibly. They knew payback was risky, but didn’t care, because they passed that risk on to somebody else. Now, they can make more profit trading their complex assets than they can by lending to your local small businesses, and short-term profit is all they care about.