Banking Finance 101

[hawaii_bound]

On the drive into work this morning I listened to NPR as they described the upset politicians in DC. It seems that there are some cranky people on Capitol Hill because they don’t understand why after giving the banking industry almost the entire $700 billion dollars of the bail out, the banks have still not taken steps to help borrowers and small

Comments

[little_emily_dc]

This is exactly why I thought the government should have put certain conditions on the money; like, the banks would be required to LEND 50% of the money to businesses, etc. Not require any specific interest rate, just require that the banks actually lend the money so that credit markets would unfreeze .. which was the whole POINT of the bailout to begin with.

[clonetwin]

Put conditions on the loan? That's crazy talk!

[clonetwin]

Loan/bailout, whatever.

[the_mad_baker]

That would be Brewster's Millions? The Richard Pryor and John Candy reference. But I don't think I can hire the Mariners, besides they would probably be beaten by any independant league B-level team.

Hi again

[devi77]

Hi, it's Chaitali and I just wanted to say hello and hope it's ok to friend you :)

Re: Hi again

[hawaii_bound]

Hi Chaitali! This acct is mainly Shay's but I keep up on other people's updates. Feel free to add us; just so you know though, we don't post much, so don't be surprised if you don't see much! :)

Hope you're doing well!
Taylor